Just for the record... yes, I work at NIST, but not in the Security division.
However, I use hashes at the core of my work -
The official statement is below :
NIST Brief Comments on Recent Cryptanalytic Attacks on Secure Hashing Functions and the Continued Security Provided by SHA-1
Cryptographic hash functions that compute a fixed size message digest from arbitrary size messages are widely used for many purposes in cryptography, including digital signatures. At the recent Crypto2004 conference, researchers announced that they had discovered a way to "break" a number of hash algorithms, including MD4, MD5, HAVAL-128, RIPEMD and the long superseded Federal Standard SHA-0 algorithm. The current Federal Information Processing Standard SHA-1 algorithm, which has been in effect since it replaced SHA-0 in 1994, was also analyzed, and a weakened variant was broken, but the full SHA-1 function was not broken and no collisions were found in SHA-1. The results presented so far on SHA-1 do not call its security into question. However, due to advances in technology, NIST plans to phase out of SHA-1 in favor of the larger and stronger hash functions (SHA-224, SHA-256, SHA-384 and SHA-512) by 2010. SHA-1 and the larger hash functions are specified in FIPS 180-2. For planning purposes by Federal agencies and others, note also that the use of other cryptographic algorithms of similar strength to SHA-1 will also be phased out in 2010.
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