Here's a good blog about how SHA-1 works: http://www.metamorphosite.com/one-way-hash-encryption-sha1-d... . The biggest risk I see with this is how torrents are affected: https://en.wikipedia.org/wiki/Torrent_poisoning There's also a problem with git, but I don't see it being that as susceptible as torrents: http://stackoverflow.com/a/34599081/6448137
That said, attacks only get better, so it could happen at some point in the future and it's probably worth switching the hash function used sooner rather than later.