Landing his first accepted submission, qpgmr writes "AES, generally thought to be the gold standard for encryption, is showing weaknesses. From Computerworld: 'Researchers from Microsoft and the [Belgian] Katholieke Universiteit Leuven have discovered a way to break the widely used Advanced Encryption Standard, the encryption algorithm used to secure most all online transactions and wireless communications.'" The full paper has lots of details. Note that it would still take a few billion years with current computers to actually break anything, but there may be further vunerabilities yet to be discovered.
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