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VLC media player is prone to multiple buffer-overflow vulnerabilities.

Attackers can exploit these issues to execute arbitrary code in the context of the affected application or crash the application, denying service to legitimate users.

Versions prior to VLC media player 1.1.8 are vulnerable.

REFERENCE

The Vulnerability Team adviced to users and administrators to review and apply the updates notifications
necessary to help mitigate the risks.

source: securityfocus.com

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