Deleted before: Yes
Risky: It's not risky at all
Possible risks would include a user getting your admincp password and then using this to delete files or read files.
Now, lets look at reality. If they have your admincp password then they can destroy your forum including all users, posts, forums, etc. That is irreplaceable information (except if you have a backup). If they gain control of this script then they can delete your forum files. Forum files are easily replaced by uploading the coppies on your local hard drive.
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