The netsnmp_udp_fmtaddr function (snmplib/snmpUDPDomain.c) in net-snmp 5.0.9 through 5.4.2.1, when using TCP wrappers for client authorization, does not properly parse hosts.allow rules, which allows remote attackers to bypass intended access restrictions and execute SNMP queries, related to "source/destination IP address confusion."
The product performs an authorization check when an actor attempts to access a resource or perform an action, but it does not correctly perform the check.