I had noticed a headline about the SHA-1 cryptographic hashing algorithm being broken, but didn't get the details. Here's a great post by Bruce Schneier on what it all means. Upshot?
SHA-1 is still too hard to break on current technology. However, given Moore's law and people's ingenuity, it's prudent to use a stronger hash such as SHA-224 through SHA-512. Also, NIST needs to run a competition for hashing as they did for AES.