I have seen many companies that are using MD5 to hash their passwords, and it seems like most of them don't want to change algorithm. My question is why are they still using it?
Many say that MD5 have big weaknesses and is too fast so it can be easily brute forced, but I'm mostly oriented at phpBB and MyBB because I saw that they also use MD5 for password hashing.
Also even if is opinion based, maybe they choose MD5 instead of other hash algorithm, because of some reason.