diff --git a/shared/validation/user_schema.py b/shared/validation/user_schema.py
index 35e270e96..fa60276c8 100644
--- a/shared/validation/user_schema.py
+++ b/shared/validation/user_schema.py
@@ -78,6 +78,8 @@
 
 custom_status_common_config = {
     "name_prefix": {"type": "string", "regex": r"^[\w\-\.]+$"},
+    # Note that "type" is a reserved word in Cerberus parser so use with caution as a
+    # key in the schema. See workaround at places that call this schema.
     "type": {"type": "string", "allowed": ("project", "patch", "changes")},
     "target": percent_type_or_auto,
     "threshold": percent_type,
@@ -119,8 +121,17 @@
 
 flags_rule_basic_properties = {
     "statuses": {
-        "type": "list",
-        "schema": {"type": "dict", "schema": flag_status_attributes},
+        # Use "anyof" to avoid error in Cerberus when child has a key named "type". More background at https://github.com/codecov/shared/pull/588
+        "anyof": [
+            {
+                "type": "list",
+                "schema": {
+                    "type": "dict",
+                    "schema": flag_status_attributes,
+                    "allow_unknown": False,
+                },
+            },
+        ]
     },
     "carryforward_mode": {
         "type": "string",
@@ -134,8 +145,17 @@
 
 component_rule_basic_properties = {
     "statuses": {
-        "type": "list",
-        "schema": {"type": "dict", "schema": component_status_attributes},
+        # Use "anyof" to avoid error in Cerberus when child has a key named "type". More background at https://github.com/codecov/shared/pull/588
+        "anyof": [
+            {
+                "type": "list",
+                "schema": {
+                    "type": "dict",
+                    "schema": component_status_attributes,
+                    "allow_unknown": False,
+                },
+            }
+        ],
     },
     "flag_regexes": {"type": "list", "schema": {"type": "string"}},
     "paths": path_list_structure,
diff --git a/tests/unit/validation/test_validation.py b/tests/unit/validation/test_validation.py
index 75c2fec0d..add107f88 100644
--- a/tests/unit/validation/test_validation.py
+++ b/tests/unit/validation/test_validation.py
@@ -459,6 +459,61 @@ def test_many_flags_validation(self):
         }
         assert validate_yaml(user_input) == expected_result
 
+    def test_flags_schema_error_for_key_named_type(self):
+        user_input = {
+            "flag_management": {
+                "default_rules": {
+                    "carryforward": False,
+                    "statuses": [{"name_prefix": "aaa", "type": "patch"}],
+                },
+                "individual_flags": [
+                    {
+                        "name": "cawcaw",
+                        "paths": ["banana"],
+                        "after_n_builds": 3,
+                        # expected "statuses" to be a list but is an object instead & that
+                        # object contains a key named "type" (reserved word)
+                        "statuses": {"type": "patch"},
+                    }
+                ],
+            },
+        }
+
+        with pytest.raises(Exception) as exp:
+            validate_yaml(user_input)
+
+        err = exp.value
+        assert err is not None, "validate_yaml didn't raise anything"
+        assert err.error_location == [
+            "flag_management",
+            "individual_flags",
+            0,
+            "statuses",
+        ]
+        assert err.error_message == "no definitions validate"
+        assert err.error_dict == {
+            "flag_management": [
+                {
+                    "individual_flags": [
+                        {
+                            0: [
+                                {
+                                    "statuses": [
+                                        "no definitions validate",
+                                        {
+                                            "anyof definition 0": [
+                                                "must be of list type"
+                                            ]
+                                        },
+                                    ]
+                                }
+                            ],
+                        }
+                    ]
+                }
+            ]
+        }
+
     def test_validate_bot_none(self):
         user_input = {"codecov": {"bot": None}}
         expected_result = {"codecov": {"bot": None}}
@@ -797,14 +852,30 @@ def test_yaml_with_flag_management_statuses_with_flags(self):
         }
         with pytest.raises(InvalidYamlException) as exc:
             validate_yaml(user_input)
-            assert exc.value.error_location == [
-                "flag_management",
-                "default_rules",
-                "statuses",
-                0,
-                "flags",
+        assert exc.value.error_location == [
+            "flag_management",
+            "default_rules",
+            "statuses",
+        ]
+        assert exc.value.error_message == "no definitions validate"
+        assert exc.value.error_dict == {
+            "flag_management": [
+                {
+                    "default_rules": [
+                        {
+                            "statuses": [
+                                "no definitions validate",
+                                {
+                                    "anyof definition 0": [
+                                        {0: [{"flags": ["unknown field"]}]}
+                                    ]
+                                },
+                            ]
+                        }
+                    ]
+                }
             ]
-            assert exc.value.error_message == "extra keys not allowed"
+        }
 
     def test_github_checks(self):
         user_input = {"github_checks": True}
@@ -1331,6 +1402,57 @@ def test_components_schema_error():
         }
 
 
+def test_components_schema_error_for_key_named_type():
+    user_input = {
+        "component_management": {
+            "default_rules": {
+                "flag_regexes": ["global_flag"],
+            },
+            "individual_components": [
+                {
+                    "name": "fruits",
+                    "component_id": "app_0",
+                    "flag_regexes": ["fruit_.*", "^specific_flag$"],
+                    "paths": ["src/.*"],
+                    # expected "statuses" to be a list but is an object instead & that
+                    # object contains a key named "type" (reserved word)
+                    "statuses": {"type": "patch", "name_prefix": "co", "target": 90},
+                }
+            ],
+        }
+    }
+
+    with pytest.raises(Exception) as exp:
+        validate_yaml(user_input)
+    err = exp.value
+    assert err is not None, "validate_yaml didn't raise anything"
+    assert err.error_location == [
+        "component_management",
+        "individual_components",
+        0,
+        "statuses",
+    ]
+    assert err.error_message == "no definitions validate"
+    assert err.error_dict == {
+        "component_management": [
+            {
+                "individual_components": [
+                    {
+                        0: [
+                            {
+                                "statuses": [
+                                    "no definitions validate",
+                                    {"anyof definition 0": ["must be of list type"]},
+                                ]
+                            }
+                        ],
+                    }
+                ]
+            }
+        ]
+    }
+
+
 def test_removed_code_behavior_config_valid():
     user_input = {
         "coverage": {