AES Announced as Federal Standard
chekhov writes: "Today NIST has finally announced AES (Advanced Encryption Standard) as a Federal Standard after 4 years of development. See the press release. AES is the replacement of DES and is expected to be used in financial systems and secure networks for up to 20 years. More information on the AES homepage."
In addition, AES may have problems we don't even know yet. DES turned out not to require brute forcing.