diff --git a/django/contrib/formtools/tests.py b/django/contrib/formtools/tests.py
index bc65a60fbe..7816c15bf5 100644
--- a/django/contrib/formtools/tests.py
+++ b/django/contrib/formtools/tests.py
@@ -1,5 +1,6 @@
 import unittest
 from django import forms
+from django.conf import settings
 from django.contrib.formtools import preview, wizard, utils
 from django import http
 from django.test import TestCase
@@ -145,6 +146,9 @@ class WizardPageOneForm(forms.Form):
 class WizardPageTwoForm(forms.Form):
     field = forms.CharField()
 
+class WizardPageThreeForm(forms.Form):
+    field = forms.CharField()
+
 class WizardClass(wizard.FormWizard):
     def render_template(self, *args, **kw):
         return http.HttpResponse("")
@@ -161,6 +165,15 @@ class DummyRequest(http.HttpRequest):
         self._dont_enforce_csrf_checks = True
 
 class WizardTests(TestCase):
+
+    def setUp(self):
+        # Use a known SECRET_KEY to make security_hash tests deterministic
+        self.old_SECRET_KEY = settings.SECRET_KEY
+        settings.SECRET_KEY = "123"
+
+    def tearDown(self):
+        settings.SECRET_KEY = self.old_SECRET_KEY
+
     def test_step_starts_at_zero(self):
         """
         step should be zero for the first form
@@ -179,3 +192,25 @@ class WizardTests(TestCase):
         response = wizard(request)
         self.assertEquals(1, wizard.step)
 
+    def test_14498(self):
+        """
+        Regression test for ticket #14498.
+        """
+        that = self
+        reached = [False]
+
+        class WizardWithProcessStep(WizardClass):
+            def process_step(self, request, form, step):
+                reached[0] = True
+                that.assertTrue(hasattr(form, 'cleaned_data'))
+
+        wizard = WizardWithProcessStep([WizardPageOneForm,
+                                        WizardPageTwoForm,
+                                        WizardPageThreeForm])
+        data = {"0-field": "test",
+                "1-field": "test2",
+                "hash_0": "2fdbefd4c0cad51509478fbacddf8b13",
+                "wizard_step": "1"}
+        wizard(DummyRequest(POST=data))
+        self.assertTrue(reached[0])
+
diff --git a/django/contrib/formtools/wizard.py b/django/contrib/formtools/wizard.py
index 32e27df574..97d2fb8e34 100644
--- a/django/contrib/formtools/wizard.py
+++ b/django/contrib/formtools/wizard.py
@@ -68,39 +68,50 @@ class FormWizard(object):
         if current_step >= self.num_steps():
             raise Http404('Step %s does not exist' % current_step)
 
-        # For each previous step, verify the hash and process.
-        # TODO: Move "hash_%d" to a method to make it configurable.
-        for i in range(current_step):
-            form = self.get_form(i, request.POST)
-            if request.POST.get("hash_%d" % i, '') != self.security_hash(request, form):
-                return self.render_hash_failure(request, i)
-            self.process_step(request, form, i)
-
         # Process the current step. If it's valid, go to the next step or call
         # done(), depending on whether any steps remain.
         if request.method == 'POST':
             form = self.get_form(current_step, request.POST)
         else:
             form = self.get_form(current_step)
+
         if form.is_valid():
+            # Validate all the forms. If any of them fail validation, that
+            # must mean the validator relied on some other input, such as
+            # an external Web site.
+
+            # It is also possible that validation might fail under certain
+            # attack situations: an attacker might be able to bypass previous
+            # stages, and generate correct security hashes for all the
+            # skipped stages by virtue of:
+            #  1) having filled out an identical form which doesn't have the
+            #     validation (and does something different at the end),
+            #  2) or having filled out a previous version of the same form
+            #     which had some validation missing,
+            #  3) or previously having filled out the form when they had
+            #     more privileges than they do now.
+            #
+            # Since the hashes only take into account values, and not other
+            # other validation the form might do, we must re-do validation
+            # now for security reasons.
+            current_form_list = [self.get_form(i, request.POST) for i in range(current_step)]
+
+            for i, f in enumerate(current_form_list):
+                if request.POST.get("hash_%d" % i, '') != self.security_hash(request, f):
+                    return self.render_hash_failure(request, i)
+
+                if not f.is_valid():
+                    return self.render_revalidation_failure(request, i, f)
+                else:
+                    self.process_step(request, f, i)
+
+            # Now progress to processing this step:
             self.process_step(request, form, current_step)
             next_step = current_step + 1
 
-            # If this was the last step, validate all of the forms one more
-            # time, as a sanity check, and call done().
-            num = self.num_steps()
-            if next_step == num:
-                final_form_list = [self.get_form(i, request.POST) for i in range(num)]
 
-                # Validate all the forms. If any of them fail validation, that
-                # must mean the validator relied on some other input, such as
-                # an external Web site.
-                for i, f in enumerate(final_form_list):
-                    if not f.is_valid():
-                        return self.render_revalidation_failure(request, i, f)
+            if current_step == self.num_steps():
                 return self.done(request, final_form_list)
-
-            # Otherwise, move along to the next step.
             else:
                 form = self.get_form(next_step)
                 self.step = current_step = next_step