The Virtual Machine Monitor (VMM) in Microsoft Virtual PC 2004 SP1, 2007, and 2007 SP1, and Microsoft Virtual Server 2005 R2 SP1, does not enforce CPU privilege-level requirements for all machine instructions, which allows guest OS users to execute arbitrary kernel-mode code and gain privileges within the guest OS via a crafted application, aka "Virtual PC and Virtual Server Privileged Instruction Decoding Vulnerability."
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