Cross Site Request Forgery. Working on beating down this demon as we speak, but the jist of it is this: Without proper security, someone is able to, for example, send a fake image source file to a user, with the source of the image being the attack. This source could redirect valuable cookie information from your browser through a malicious website, and steal some valuable information.
The way I'm going to get around this is with proper hashing, superior php session coding, and proper site redirection.