The (1) mbed_connect_step1 function in lib/vtls/mbedtls.c and (2) polarssl_connect_step1 function in lib/vtls/polarssl.c in cURL and libcurl before 7.49.0, when using SSLv3 or making a TLS connection to a URL that uses a numerical IP address, allow remote attackers to spoof servers via an arbitrary valid certificate.
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.