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Check this news out:

http://news.com.com/Crypto+researchers+abuzz+over+flaws/2100-1002_3-5313655.html?tag=nefd.lede

French computer scientist Antoine Joux had uncovered a flaw in a popular algorithm called MD5, often used with digital signatures. Then four Chinese researchers released a paper that reported a way to circumvent a second algorithm, SHA-0.
In the many computer classes i have taken, the MD5 hash was pretty much reffered to as highly secure, cannot "fake" copies of it, etc... Interesting news, i can't wait to see what they're going to do to either "fix" them or create new algorithms ::cool:
 
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