That's right. All phpBB versions, including 1.2 to 1.4.1 currently have a large security vulnerability, allowing arbitrary code to be run on the owner's server.
This is due to bugs in the script.
Unfortunately, the phpBB staff refuses to release bug fixes, or any description of the security holes. They have made no official announcements of the security holes.
They simply encourage us to upgrade to a newer version instead. However, experience, and the people at the phpBB forums, have proven that this upgrade does not fix security holes.
I have been very disappointed with the phpBB staff's handling of these matters and I would now like to recommend against using any version of phpBB below 2.0
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