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One thing people tend to overlook is: Development costs money. Fixing bugs and exploits costs money.
In a closed source application none will see that your software is still working with arcane concepts that weren't even state-of-the-art when written 25 years ago. The bug that could easily be used as an exploit? Sure, the developer responsible for it did inform his manager around 50 times he needs time and someone from the database team to fix it. And got turned down 50 times as it costs time and "we have to keep deadlines! And none noticed this bug so far,so why should now notice now?"