Laravel 7 has reached end of life
Laravel 7 has reached end of life on March 3rd, 2021 and is no longer supported.
What does it mean?
Laravel 7 (according to the old standards) was released with a 6 month bug fix support and a 12 month security fix support. This pretty much means that smaller bugs will only be fixed for 6 months after release, and major security vulnerabilities will only be fixed for 12 months after release.
What to do?
You should upgrade your Laravel 7 based projects to a newer version. Follow the official upgrade guide to do so. Since Laravel 9 isn't released yet (because of the recent change in Laravel's release cycle), your only option is upgrading to Laravel 8, which is still supported until September 6th, 2022.
What happens if I don't upgrade?
If there's a new bug found in Laravel 7, it will no longer be patched. This is a potential security vulnerability.