FTP External Intranet Access

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I am hoping that someone can clearly explain why I should not host an FTP on
my SBS 2003 box.
As well I need an explanation why I should not allow my intranet to be
acecssible over the internet.

I understand that FTP passwords go in clear text but if I lock down the FTP
to one directory and its sub folders why not do it.

For years I have just taken this as a given: DO NOT HOST FTP on SBS 2003.
It sounds like a no brainer to not host FTP on a domain controller.
but
the other day a senior (read smarter than I) technical lead said "How does
it pose a risk?"
I was at a loss for a good detailed explanation.

Can you help me?

liam
.



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