Security & Hacking (Facepalm edition): "Cisco switches to weaker hashing scheme, passwords cracked wide open"

http://arstechnica.com/security/2013/03/cisco-switches-to-weaker-hashing-scheme-passwords-cracked-wide-open/

TL:DR version:

"It turns out that Cisco's new method for converting passwords into one-way hashes uses a single iteration of the SHA256 function with no cryptographic salt. The revelation came as a shock to many security experts because the technique requires little time and computing resources."