The SHA-1 cryptographic hash algorithm has been known to be considerably weaker than it was designed to besince at least 2005 — 9 years ago. Collision attacks against SHA-1 are too affordable for us to consider it safe for the public web PKI. We can only expect that attacks will get cheaper.
That’s why Chrome will start the process of sunsetting SHA-1 (as used in certificate signatures for HTTPS) with Chrome 39 in November. HTTPS sites whose certificate chains use SHA-1 and are valid past 1 January 2017 will no longer appear to be fully trustworthy in Chrome’s user interface.