This initiative is an effort to improve the security of PHP. However we will not concentrate on problems in the PHP language that might result in insecure PHP applications, but on security vulnerabilities in the PHP core. During March 2007 old and new security vulnerabilities in the Zend Engine, the PHP core and the PHP extensions will be disclosed on a day by day basis. We will also point out necessary changes in the current vulnerability management process used by the PHP Security Response Team.
Ref : www.php-security.org