Business Services Industry
Security cracked.(Brief Article)
Australasian Business Intelligence, February, 2005
Feb 28, 2005 (New Scientist - ABIX via COMTEX)
Researchers have managed to break the security algorithm that protects online transactions. The researchers, from China's Shandong University of Technology and Princeton University in the US have broken the SHA-1 algorithm, which works by shrinking a digital file into a data string called a hash. In order to find two algorithms that produced the same hash, a computer would have to run it on two to the power of 80 files, which would require processing power greater than is available. The researchers, however, have managed that task in two to the power of 69 tries, which can be achieved by today's supercomputers.
Publication Date: 26 February 2005
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