Cyber Resilience

CVE-2023-54348

Public PoC
Published
05 May 2026
Modified
17 June 2026
CVSS Score v4 8.7
Click a component to see what it means
Raw vectorCVSS:4.0/AV:N/AC:L/AT:N/PR:L/UI:N/VC:H/VI:H/VA:H/SC:N/SI:N/SA:N/E:X/CR:X/IR:X/AR:X/MAV:X/MAC:X/MAT:X/MPR:X/MUI:X/MVC:X/MVI:X/MVA:X/MSC:X/MSI:X/MSA:X/S:X/AU:X/R:X/V:X/RE:X/U:X
EPSS Score 0.0035 29th percentile
Risk Priority 38 floored blend · peak EPSS

CVSS and EPSS are reproduced from their sources (NVD, FIRST EPSS). Risk Priority is our own derived reading, not an NVD score.

Summary

CVE-2023-54348 is a high-severity Improper Neutralization of Formula Elements in a CSV File (CWE-1236) vulnerability in Codecanyon (inferred from references). Its CVSS base score is 8.7 (High).

Operationally, exploitation aligns with the MITRE ATT&CK technique User Execution (T1204); ranked at the 29th percentile by exploit likelihood (below the median); it is not currently listed in the CISA KEV catalog; a public proof-of-concept is referenced.

The strongest mitigations our analysis identified map to SI-15 (Information Output Filtering) — see the control section below for these in your framework.

Deeper analysis AI-assisted summary

Synthesised by an AI model from the NVD description and linked references — a reading aid, not an authoritative source.

CVE-2023-54348 is a CSV injection vulnerability (CWE-1236) affecting ERPGo SaaS version 3.9, with a CVSS v3.1 base score of 8.8 (AV:N/AC:L/PR:L/UI:N/S:U/C:H/I:H/A:H). The issue exists in the vendor creation form, where the vendor name field allows injection of formula payloads that can lead to arbitrary code execution. Published on 2026-05-05, the vulnerability enables attackers to embed malicious formulas, such as =10+20+cmd|' /C calc'!A0, into exported CSV files.

Authenticated attackers with low privileges (PR:L) can exploit this vulnerability by creating a vendor record with a crafted formula in the name field. When another user, such as an administrator, exports a CSV file containing the malicious vendor data and opens it in a spreadsheet application like Microsoft Excel, the formula executes automatically without user interaction (UI:N). This results in arbitrary code execution on the victim's local machine, potentially compromising confidentiality, integrity, and availability with high impact.

Advisories and resources, including the VulnCheck advisory at https://www.vulncheck.com/advisories/erpgo-saas-csv-injection-via-vendor-creation and a proof-of-concept exploit on Exploit-DB at https://www.exploit-db.com/exploits/51220, document the issue. The affected ERPGo SaaS product is available on CodeCanyon at https://codecanyon.net/item/erpgo-saas-all-in-one-business-erp-with-project-account-hrm-crm-pos/33263426 and via https://rajodiya.com/.

EU & UK References

Vulnerability Data

ERPGo SaaS 3.9 contains a CSV injection vulnerability that allows authenticated attackers to inject spreadsheet formulas into vendor name fields that execute on the workstation of users who open the exported CSV in a spreadsheet application. Attackers can add malicious…

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formulas like =10+20+cmd|' /C calc'!A0 in the vendor creation form, which execute when the exported CSV file is opened in spreadsheet applications.

CWE(s)

Related Threats

MITRE ATT&CK Enterprise Techniques

T1204 User Execution Execution
An adversary may rely upon specific actions by a user in order to gain execution.
T1204.002 Malicious File Execution
An adversary may rely upon a user opening a malicious file in order to gain execution.
T1566 Phishing Initial Access
Adversaries may send phishing messages to gain access to victim systems.
Derived from this CVE’s CWE(s) via the direct CWE→ATT&CK cross-walk.

CVEs Like This One

CVE-2023-51302Shared CWE-1236
CVE-2024-27785Shared CWE-1236
CVE-2025-6838Shared CWE-1236
CVE-2023-53929Shared CWE-1236
CVE-2026-23873Shared CWE-1236
CVE-2023-22877Shared CWE-1236
CVE-2023-48029Shared CWE-1236
CVE-2024-22063Shared CWE-1236
CVE-2023-53913Shared CWE-1236
CVE-2026-24447Shared CWE-1236

Affected Assets

Codecanyon
inferred from references and description; NVD did not file a CPE for this CVE

Mitigating Controls

Control response

Prevent
Stop it (NIST 800-53)

Detect
Catch it (NIST detect / respond)

Harden
Shrink the surface (DISA STIG)

Validate
Prove the fix (OWASP ASVS)
  • V1.2.10

Mitigating Controls (NIST 800-53 r5) AI

Output filtering/validation directly stops unneutralized formula elements from being written into CSV files.

Mitigating Controls (NIST CSF 2.0) AI

Derived directly from the weakness types (CWEs) cited in the NVD entry via our AI-authored CWE→CSF cross-walk (authority under review) — links open the control.

PR.PS-06 partial match
prevents

Secure SDLC practices directly require output neutralization for untrusted CSV content to block formula injection.

Mitigating Controls (ISO/IEC 27001:2022 Annex A) AI

Derived directly from the weakness types (CWEs) cited in the NVD entry via our AI-authored CWE→ISO cross-walk (authority under review) — links open the control.

prevents

Secure SDLC mandates input validation and output encoding that directly prevents formula injection in CSV exports.

prevents

Application security requirements include rules for safe CSV generation and handling of untrusted data.

prevents

Secure architecture principles encourage safe data export design but do not specifically address CSV formula neutralization.

prevents

Secure coding standards explicitly require neutralization of special characters when writing CSV files.

finds

Security testing in development can detect formula injection but does not itself implement the mitigation.

References