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NEW MEDIUM B2

ZDI-26-538: (Pwn2Own) Microsoft Exchange Improper Authorization Privilege Escalation Vulnerability

B ZDI: Published Advisories · · CVE-2026-62911

Admiralty grading (A–F · 1–6)

Source reliability

  • A Completely reliable
  • B Usually reliable
  • C Fairly reliable
  • D Not usually reliable
  • E Unreliable
  • F Cannot be judged

Information credibility

  • 1 Confirmed
  • 2 Probably true
  • 3 Possibly true
  • 4 Doubtful
  • 5 Improbable
  • 6 Cannot be judged

NATO Admiralty (AJP-2.1) grades confidence, independent of the risk score. Cross-source corroboration isn't tracked for non-CVE news, so single-source items are capped at a lower credibility number; a low number does not imply low quality.

Key metrics

CVSS
8.0
EPSS
1%

Affected versions

exchange server 2016 exchange server 2019 exchange server subscription edition

Key insight

The flaw was demonstrated at Pwn2Own; it allows bypassing the existing authentication mechanism and thereby escalating privileges on Exchange servers, despite authentication being nominally required.

Description

The Zero Day Initiative has published vulnerability CVE-2026-62911 in Microsoft Exchange with a CVSS rating of 8.8; it was demonstrated during the Pwn2Own competition. Remote attackers can escalate privileges on affected Exchange installations. Although authentication is required for exploitation, the existing authentication mechanism can be bypassed, significantly lowering the bar for an attack. At the time of publication there is no information on exploitation in the wild or on inclusion in the CISA KEV list, and no public exploit code has been confirmed.

Risk score

57
cvss base
80.00
kev bonus
0.00
epss bonus
0.00
poc bonus
15.00
raw before weight
95.00
industry weight
1.21
freshness factor
0.50
exploitability factor
1.00
days old
31.00
vendor mismatch penalty
0.00

Path: operational

ESC