gd_ctx.c in the GD component in PHP 5.4.x before 5.4.32 and 5.5.x before 5.5.16 does not ensure that pathnames lack %00 sequences, which might allow remote attackers to overwrite arbitrary files via crafted input to an application that calls the (1) imagegd, (2) imagegd2, (3) imagegif, (4) imagejpeg, (5) imagepng, (6) imagewbmp, or (7) imagewebp function.
The product receives input or data, but it does not validate or incorrectly validates that the input has the properties that are required to process the data safely and correctly.