At the 24th Annual International Cryptology Conference held on August 14-19, 2004 in in Santa Barbara, California, Antoine Joux announced an actual collision for SHA-0.

From more information on collision click here

This discovery is now being extended to SHA-1, and could open the door to very serious problems for encryption as we know and trust it today.

"Security changes so fast that keeping informed is no longer an option but rather a requirment in today's fast moving electronic world." Frederic V. Farcy