AI Vulnerability Surge Forces PHP Outages, Business Delays
Global news and insight for corporate finance professionals Home Technology AI Vulnerability Surge Forces PHP Outages, Business Delays More security patches mean more downtime for critical systems, threatening cash flow and schedules. The total cost of worldwide mitigation for two flaws in the PHP: Hypertext Preprocessor (PHP) scripting language is still being calculated. The open-source language powers popular website content management systems (CMSs) like WordPress, Joomla, and Drupal, and an estimated 70% of websites on the internet had to shut down to apply a software patch released by the PHP Foundation on October 21. “Outgoing payments may be delayed, potentially creating supplier disputes or contractual penalties,” he added. “Meanwhile, cash forecasts become less reliable. Even a company that remains fundamentally solvent may need additional short-term liquidity or a credit…