The JIT compiler in Microsoft .NET Framework 3.5 Gold and SP1, 3.5.1, and 4.0, when IsJITOptimizerDisabled is false, does not properly handle expressions related to null strings, which allows context-dependent attackers to bypass intended access restrictions, and consequently execute arbitrary code, in opportunistic circumstances by leveraging a crafted application, as demonstrated by (1) a crafted XAML browser application (aka XBAP), (2) a crafted ASP.NET application, or (3) a crafted .NET Framework application, aka ".NET Framework JIT Optimization Vulnerability."
Weaknesses in this category are related to the management of permissions, privileges, and other security features that are used to perform access control.
The product dereferences a pointer that it expects to be valid but is NULL.