Researchers have computed the first chosen-prefix collision for SHA-1, a hash function previously thought to be secure. This breakthrough has significant implications for the security of various applications, including PGP and TLS. The attack can be used to forge PGP keys and impersonate users, and its cost is estimated to be around $75,000. The researchers recommend deprecating SHA-1 in favor of more secure hash functions like SHA-256 or SHA-3.