What are the implications of using external URLs in PHP scripts for data retrieval and processing?

When using external URLs in PHP scripts for data retrieval and processing, there are security risks involved such as potential injection attacks, data manipulation, and unauthorized access to sensitive information. To mitigate these risks, it is important to validate and sanitize the data from external URLs before processing it in the script. This can be done by using functions like filter_var() to validate URLs and htmlentities() to sanitize the retrieved data.

// Example of validating and sanitizing external URL in PHP script
$external_url = "https://example.com/data";
if (filter_var($external_url, FILTER_VALIDATE_URL)) {
    $data = file_get_contents(htmlentities($external_url));
    // Process the retrieved data
} else {
    // Handle invalid URL
    echo "Invalid URL provided";
}