by default PHP sessions are stored in /tmp, so the session file is accessible to anyone on the system.
I don't particularly like this, and for an application where you want the sessions secure, a better option would be to store the session in a database rather than in flat files located in /tmp.
There are also some php session config parameters you can call to change the location the sessions are store at. for example instead of the default /tmp, you could store them in /home/your_user/sessions and then if you are on a secured server where only you have access to your home dir, only you have access to the sessions (if they are outside of the www dir).
Hope that makes sense and I did not say anything incorrectly.