What potential issues can arise from using outdated PHP functions, such as mysql_query, in modern PHP development?

Using outdated PHP functions like `mysql_query` can lead to security vulnerabilities and compatibility issues as these functions are deprecated and no longer maintained. To solve this issue, developers should switch to modern alternatives like PDO or MySQLi, which offer improved security features and support for newer versions of PHP.

// Using PDO for database queries
$pdo = new PDO("mysql:host=localhost;dbname=mydatabase", "username", "password");

$stmt = $pdo->query("SELECT * FROM mytable");
while ($row = $stmt->fetch()) {
    // Process each row
}