Those bulletin boards are written using PHP which would use different methods than ASP based forums and usually on Linux which has a different security and permissions system to windows.
The security warning in the downloads page was placed in for version 7 and maybe should have been updated. The reason for this stern warning is that if a hacker gained control of the admin area they could change the upload configuration to allow other files such as an unsafe ASP file to be uploaded which could then be used to delete or deface the entire site if write and modify permissions were enabled on the entire site.
However, version 7.96 and version 8.x have protection against this. You now can not set 'unsafe' file types in the file upload configuration in the admin area, so a mistaken admin or a hacker can not manipulate the upload tool to upload unsafe file types and gain control of the server that way.
For the next version the security warning on the upload configuration page has been changed to:-
Security Warning - Best Practice Allowing users to upload their own files and images requires that write and modify permissions are enabled on the upload directory for the Internet User Account (IUSR). The best practice for this is to ONLY allow write and modify permissions on the upload directory and 'read only' permissions for the rest of your web site. In the event that your site comes udder attack form a hacker who manages to gain control through the IUSR account, this measure prevents the hacker from destroying or defacing the rest of your web site.
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The upload tool does already have allot of protection built in for checking file types to make sure that unsafe files are not uploaded, and version 8.05 goes even further and checks inside of the uploaded file for mime changes which could be used to manipulate client side web browsers.
So all in all the upload tools are pretty safe, and I have not heard of any sites being hacked at all when using version 8. As long as people follow security instructions and run the latest version then the chances of being hacked are virtually none.