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More on Newly Broken SHA-1
AnonymousStudent writes "Details are out about the reported broken SHA-1 hash function. The findings are that SHA-1 is not collision free and can be broken in 2^69 attempts instead of 2^80. This is about 2000 times faster. With todays computing power and Moores Law, a SHA-1 hash does not last too long. Using a modified DES Cracker, for the small sum of up to $38M, SHA-1 can be broken in 56 hours, with current computing power. In 18 months, the cost should go down by half. Jon Callas, PGP's CTO, put it best: 'It's time to walk, but not run, to the fire exits. You don't see smoke, but the fire alarms have gone off.' As Schneier suggests, 'It's time for us all to migrate away from SHA-1.' Alternatives include SHA-256 and SHA-512."
The concern is not so much that the method described in this break is feasible on today's hardware, or even that this method will get cheaper and cheaper as hardware gets faster. The BIG concern is that this method provides insight in to the SHA-1 in general, and will be used by others to come up with more efficient breaks or more egregious flaws.