The National Institute of Standards and Technology (NIST) has announced that the SHA-1 cryptographic algorithm should be phased out by December 31, 2030, due to its vulnerabilities. SHA-1 has been in use since 1995, but it is no longer considered secure. NIST recommends replacing SHA-1 with newer algorithms like SHA-2 and SHA-3. The phase-out is intended to ensure the security of electronic information.