// #server-side-rce

Why Exchange SYSTEM RCE Bypasses Conditional Access and MFA: The Authentication Architecture Problem

The Exchange SYSTEM RCE chain demonstrated by DEVCORE at Pwn2Own Berlin 2026 achieves code execution at the operating system level, bypassing all identity controls including Conditional Access policies, MFA requirements, and Azure AD authentication entirely. Understanding why server-side RCE renders identity controls irrelevant is essential for accurate risk assessment.