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.