What are the security implications of continuing to use PHP 4, considering the bug list and potential vulnerabilities?

Continuing to use PHP 4 poses significant security risks as the version is no longer supported and does not receive security updates. This leaves websites vulnerable to known bugs and potential vulnerabilities that can be exploited by attackers. To mitigate these risks, it is crucial to upgrade to a newer version of PHP that is actively supported and regularly patched.

// Code snippet to check PHP version and display a warning if PHP 4 is detected
if (version_compare(PHP_VERSION, '5.0.0', '<')) {
    echo "Warning: PHP 4 is no longer supported. Please upgrade to a newer version for security reasons.";
}