Nanolith writes "From Bruce Schneier's weblog: '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 announcing their results...'" Note, though, that Schneier also writes "The paper isn't generally available yet. At this point I can't tell if the attack is real, but the paper looks good and this is a reputable research team."