SHA-1 Broken
L33tdawg: Much love to Fyodor Yarochkin for the heads up on this ;)
SHA-1 has been broken. Not a reduced-round version. Not a simplified version. The real thing.
The research team of Xiaoyun Wang, Yiqun Lisa Yin, and Hongbo Yu (mostly from Shandong University in China) have been quietly circulating a paper describing their results:
This attack builds on previous attacks on SHA-0 and SHA-1, and is a major, major cryptanalytic result. It pretty much puts a bullet into SHA-1 as a hash function for digital signatures (although it doesn't affect applications such as HMAC where collisions aren't important).
The paper isn't generally available yet.