(Secure) alternative to TLS / SSLv3 ?

Posted by CSkau on Stack Overflow See other posts from Stack Overflow or by CSkau
Published on 2010-05-16T18:03:09Z Indexed on 2010/05/16 18:10 UTC
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Filed under:

tls

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ssl

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alternative

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encryption

Toying with an idea for a F2F networked application I've just been reading up on secure communication. I quickly settled with the idea of using TLS / SSL as the basis for any communication since it employs Public Key encryption at the protocol level and thus is perfect for my needs. However I was surprised to read (on wikipedia) that the newest version of TLS, SSLv3 uses a mix of MD5 and SHA-1 "because if any vulnerability was found in one of these algorithms the other would prevent it from compromising SSLv3". However, as I take it, lately both have been found flawed !

So my questions are thus:
Does this not mean that SSLv3 is basically flawed, or am I not reading close enough ?
And if so does a "secure" alternative to SSLv3 exist ?

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