This was predicted and is why people have been moving away from it. It may still have a use to verify a file hasn't changed due to transmission errors. That is very unlikely to produce the same hash. It's inevitable that processing power will continue to get cheaper, so other algorithms may fall in time.
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Indeed, but I do find it interesting that they actually did it, instead of just in theory. When the code is released for how to do it, that becomes a significantly more important issue for people to be concerned with. I wonder about embedded systems and the IoT of the future. How will we handle security vulnerabilities across so many devices?
I guess it was known how hard it was in theory and they decided to prove it.
IoT is already an issue. People don't update their PCs, so they are unlikely to do their lightbulbs.
For real. It's going to be a hacker's playground when people can control other people's devices. Hopefully that will raise awareness of the importance of security education.
For an average user security is ranked below price and ease of use. We've already seem webcams being hacked. There will be more