Magento 1 Support extended to 2020.
Magento had announced their intention to stop releasing security patches for Magento 1 by the end of 2018. This meant hundreds of thousands of stores looking at the move to Magento 2 by the end of this year.

For many sites this is a major task mainly due to the need to migrate data from one installation to the next. Also required is the upgrading of all installed extensions to M2, this means purchasing those extension once again.

Other concerns include M2 extensions not necessarily being available for your currently installed extensions. Last but not least, if you have customized your site you may lose that in the upgrade (mainly customized extensions or core code). So this announcement comes with a sigh of relief for many Magento clients giving them time to plan their move to M2.

And with that news today Magento announced new security patches for M1 and M2. For M1 SUPEE-10888 to patch earlier Magento 1.x versions bringing the latest version now to be Make sure you have all the latest updates installed and keep your store safe and secure.