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Chinese Prof Cracks SHA-1 Data Encryption Scheme 416

Hades1010 writes to mention an article in the Epoch Times (a Chinese newspaper) about a brilliant Chinese professor who has cracked her fifth encryption scheme in ten years. This one's a doozy, too: she and her team have taken out the SHA-1 scheme, which includes the (highly thought of) MD5 algorithm. As a result, the U.S. government and major corporations will cease using the scheme within the next few years. From the article: " These two main algorithms are currently the crucial technology that electronic signatures and many other password securities use throughout the international community. They are widely used in banking, securities, and e-commerce. SHA-1 has been recognized as the cornerstone for modern Internet security. According to the article, in the early stages of Wang's research, there were other data encryption researchers who tried to crack it. However, none of them succeeded. This is why in 15 years Hash research had become the domain of hopeless research in many scientists' minds. "

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