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posted by martyb on Wednesday September 11 2019, @05:54AM   Printer-friendly
from the renaming-it-to-be-NSHA:-the-Not-Secure-Hashing-Algorithm dept.

Arthur T Knackerbracket has found the following story:

The Wall Street fintech Treadwell Stanton DuPont broke silence today as it announced its Research & Development and Science Teams successfully broke the SHA-256[*] hashing algorithm silently in controlled laboratory conditions over a year ago. The announcement aims to secure financial and technological platform superiority to its clients and investors worldwide.

[...] While the best public cryptanalysis has tried to break the hashing function since its inception in 2001, work on searching, developing and testing practical collision and pre-image vulnerabilities on the SHA-256 hashing algorithm began back in 2016 in Treadwell Stanton DuPont's R&D facilities, culminating 2 years later with the successful discovery of a structural weakness and the initial development of the first practical solution space of real world value by its researchers.

"While we have successfully broken all 64 rounds of pre-image resistance," said Seiijiro Takamoto, Treadwell Stanton DuPont's director of newly formed Hardware Engineering Division, "it is not our intention to bring down Bitcoin, break SSL/TLS security or crack any financial sector security whatsoever."

[*] See the SHA-2 page on Wikipedia for background on SHA-224, SHA-256, SHA-384, SHA-512, SHA-512/224, and SHA-512/256.

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  • (Score: 1) by khallow on Wednesday September 11 2019, @12:22PM (1 child)

    by khallow (3766) Subscriber Badge on Wednesday September 11 2019, @12:22PM (#892638) Journal
    On the plus side, breaking hash functions is now worthy of financial scamming. We've come a long way, baby.
  • (Score: 1) by DECbot on Friday September 13 2019, @05:51PM

    by DECbot (832) on Friday September 13 2019, @05:51PM (#893761) Journal

    What this? We're now allowing the economist and bankers enter the cryptology club? Next thing it will be the marketing and sales people followed by the football jocks and cheerleaders. Give me back my punchcard reader, I'm going home!

    cats~$ sudo chown -R us /home/base