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Paŭlo Ebermann
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Tweeted twitter.com/#!/StackCrypto/status/189723920834899969
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Rook
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Why does a broken hash function undermine an HMAC?

For instance, what makes MD4 a bad choice for an HMAC? In this case I am asking about MD4 because its less than ideal. I know that a preimage attack can be used to undermine the system, but why? What is the attacker calculating?