The news is that SHA1, a very popular hashing function, is on the way out. Strictly speaking, this development is not new. The first signs of weaknesses in SHA1 appeared (almost) ten years ago. In 2012, some calculations showed how breaking SHA1 is becoming feasible for those who can afford it. In November 2013, Microsoft announced that they wouldn’t be accepting SHA1 certificates after 2016.
However, we’re in a bit of a panic now because Google followed up to say that they will soon start penalising sites that use SHA1 certificates that expire during 2016 and after. This is a major policy change that requires immediate action—according to SSL Pulse, only 15% sites use SHA256 certificates in September 2014.