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Exchange Server CVE-2021-34523

CRITICAL
2021-07-14 secure@microsoft.com
9.0
CVSS 3.1 · Vendor: microsoft
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Vulnerability Assessment

Impact

Critical risk (CVSS 9.0, EPSS 93.9%). Essential component of the ProxyShell chain. Without this escalation, the SSRF alone provides limited impact; with it, attackers gain full Exchange administrative control.

Exploit ScenarioDerived

After exploiting the ProxyShell SSRF, the attacker uses this privilege escalation to gain Exchange admin rights, then uses the Export Mailbox cmdlet to write a web shell disguised as a PST export to a web-accessible directory.

Act Now Prioritize within 24-48h. Why: In CISA KEV with patch available.
Exploited in the wild (CISA KEV) Patch available 93.9% exploitation probability (EPSS)

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AnalysisAIv1 – Mar 26, 2026

Microsoft Exchange Server contains a privilege escalation vulnerability in the PowerShell backend that allows authenticated Exchange users to escalate to Exchange admin, the second component of the ProxyShell attack chain.

Earlier versions of this analysis (1)
v1 Mar 26, 2026 - 11:19 CVSS 9.0

A privilege escalation vulnerability in Exchange's PowerShell backend allows any authenticated user to escalate to Exchange admin privileges. This is the second link in the ProxyShell chain, enabling administrative operations after the SSRF bypass.

RemediationAI

Apply Microsoft security updates. Monitor Exchange PowerShell audit logs for unauthorized cmdlet execution. Restrict Exchange PowerShell access to authorized administrators.

Affects your stack

Find out whether the stacks and servers you run are on an affected version.

Checking this CVE against your own stacks and servers is part of the Basic plan and up.

Technical ContextAI · show details

The vulnerability in Exchange's PowerShell Remoting endpoint allows an attacker who has gained access through the SSRF (CVE-2021-34473) to escalate privileges from a standard mailbox user context to Exchange administrator. This enables access to the New-MailboxExportRequest cmdlet for web shell deployment.

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  • Exploit and PoC references, threat intelligence from 22 sources

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Severity by source

Vendor (microsoft) PRIMARY 9.0 CRITICAL
AV:L/AC:L/PR:N/UI:N/S:C/C:H/I:H/A:N

Primary rating from Vendor (microsoft) · only source for this CVE.

CVSS VectorVendor: microsoft

Attack Vector
Local
Attack Complexity
Low
Privileges Required
None
User Interaction
None
Scope
Changed
Confidentiality
High
Integrity
High
Availability
None

Lifecycle Timeline

4
Added to CISA KEV
Oct 30, 2025 - 19:13 cisa
CISA KEV
PoC Detected
Oct 30, 2025 - 19:13 vuln.today
Public exploit code
Patch released
Oct 30, 2025 - 19:13 nvd
Patch available
CVE Published
Jul 14, 2021 - 18:15 nvd
CRITICAL 9.0

DescriptionCVE.org

Microsoft Exchange Server Elevation of Privilege Vulnerability

Executive ViewAI

Why It Matters

CVE-2021-34523 presents critical security risk rated CVSS 9.0. Successful exploitation could critically impact the confidentiality, integrity, and availability of affected systems. This vulnerability is actively exploited in the wild (KEV-listed) and requires immediate remediation. A patch is available and should be applied immediately given the critical severity.

Business Impact: Severe
Compensating Controls

Apply vendor patch. If immediate patching is not feasible: (1) Implement network-level access controls to limit exposure; (2) Enable enhanced monitoring and alerting; (3) Apply principle of least privilege.

Threat Intelligence Overview

Threat Score
9.6/10
Composite threat intelligence
EPSS Score
93.9%
Top 0% exploitable
Threat Intel
2
1 sources
Exploit
POC
Public exploit code exists
Data Quality
6 sources
Confidence: High

How this decision was reached

The engine reads each signal below and applies a fixed list of rules from top to bottom. The first rule that matches sets the recommended action – like a statement, every line is shown.

SignalValue
Severity CRITICAL
CISA KEV Yes
Public POC Yes
EPSS 93.9%
Patch available Yes
Active threat Yes
Deciding rule
In CISA KEV with patch available
What every action level means
Emergency Immediate action required. Criteria: CRITICAL + in CISA KEV (actively exploited) without patch, OR CRITICAL + EPSS > 30% without patch, OR CRITICAL + active threat signals without patch.
Act Now Prioritize within 24-48h. Criteria: in KEV with patch available, OR CRITICAL + public POC, OR HIGH + EPSS > 10%, OR CRITICAL + active threat, OR any CRITICAL severity.
This Week Schedule remediation this week. Criteria: HIGH severity (CVSS 7.0-8.9). Patch within normal change window.
This Month Plan within 30 days. Criteria: MEDIUM severity (CVSS 4.0-6.9), lower exploitation probability. Include in regular patch cycle.
Monitor Track and reassess. Criteria: LOW severity (CVSS 0.1-3.9), minimal exploitation risk. No immediate action needed.

SSVC AssessmentENISA

SSVC Decision· derived
Out-of-Cycle
Exploitation· derived
Active
System Exposure· derived
Small
Automatable· derived
No
Human Impact
Very High

Priority Score

234
Low Medium High Critical
KEV: +50
EPSS: +94
CVSS: +45
PoC: +20
Weaponized: +15
Threat intel: +10
Gov advisory: 0

Attack Technique

Information disclosure occurs when an application unintentionally exposes sensitive data that aids attackers in reconnaissance or directly compromises security.

Affected Products (CPE)CVE.org

cpe:2.3:a:microsoft:exchange_server:2013:cumulative_update_23:*:*:*:*:*:*
cpe:2.3:a:microsoft:exchange_server:2016:cumulative_update_19:*:*:*:*:*:*
cpe:2.3:a:microsoft:exchange_server:2016:cumulative_update_20:*:*:*:*:*:*
cpe:2.3:a:microsoft:exchange_server:2019:cumulative_update_8:*:*:*:*:*:*
cpe:2.3:a:microsoft:exchange_server:2019:cumulative_update_9:*:*:*:*:*:*
CVE-2021-34473 CRITICAL POC
9.1 Jul 14

Microsoft Exchange Server contains a pre-authentication SSRF vulnerability known as 'ProxyShell' that allows unauthentic

CVE-2021-26855 CRITICAL POC
9.1 Mar 03

Microsoft Exchange Server contains a server-side request forgery (SSRF) vulnerability known as 'ProxyLogon' that allows

CVE-2021-27065 HIGH POC
7.8 Mar 03

Microsoft Exchange Server allows post-authentication arbitrary file write that enables web shell deployment, the primary

CVE-2021-42321 HIGH POC
8.8 Nov 10

Microsoft Exchange Server Remote Code Execution Vulnerability. Rated high severity (CVSS 8.8), this vulnerability is rem

CVE-2021-33766 HIGH POC
7.3 Jul 14

Microsoft Exchange Server Information Disclosure Vulnerability. Rated high severity (CVSS 7.3), this vulnerability is re

CVE-2022-41080 HIGH
8.8 Nov 09

Microsoft Exchange Server Elevation of Privilege Vulnerability. Rated high severity (CVSS 8.8), this vulnerability is re

CVE-2021-26858 HIGH
7.8 Mar 03

Microsoft Exchange Server allows authenticated attackers to write arbitrary files to the server filesystem, the third co

CVE-2023-21529 HIGH POC
8.8 Feb 14

Remote code execution in Microsoft Exchange Server 2013, 2016, and 2019 allows authenticated attackers to execute arbitr

CVE-2021-41349 MEDIUM POC
6.5 Nov 10

Microsoft Exchange Server Spoofing Vulnerability. Rated medium severity (CVSS 6.5), this vulnerability is remotely explo

CVE-2021-26857 HIGH
7.8 Mar 03

Microsoft Exchange Server Unified Messaging service contains a deserialization vulnerability that allows authenticated a

CVE-2021-31196 HIGH
7.2 Jul 14

Microsoft Exchange Server Remote Code Execution Vulnerability. Rated high severity (CVSS 7.2), this vulnerability is rem

CVE-2023-21707 HIGH
8.8 Feb 14

Microsoft Exchange Server Remote Code Execution Vulnerability. Rated high severity (CVSS 8.8), this vulnerability is rem

Threat IntelligenceMISP

Threat Actors
Magic Hound
ATT&CK Techniques (observed)
Sources: MITRE ATT&CK, Metasploit/Nuclei

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