Multiple directory traversal vulnerabilities in GNU binutils 2.24 and earlier allow local users to delete arbitrary files via a .. (dot dot) or full path name in an archive to (1) strip or (2) objcopy or create arbitrary files via (3) a .. (dot dot) or full path name in an archive to ar.
https://security.gentoo.org/glsa/201612-24
https://bugzilla.redhat.com/show_bug.cgi?id=1162655
http://www.ubuntu.com/usn/USN-2496-1
http://www.securityfocus.com/bid/70908
http://www.oracle.com/technetwork/topics/security/linuxbulletinoct2015-2719645.html
http://www.openwall.com/lists/oss-security/2014/11/13/1
http://secunia.com/advisories/62746
http://secunia.com/advisories/62241
http://lists.fedoraproject.org/pipermail/package-announce/2015-January/148438.html
http://lists.fedoraproject.org/pipermail/package-announce/2015-January/148427.html
http://lists.fedoraproject.org/pipermail/package-announce/2015-January/147354.html
http://lists.fedoraproject.org/pipermail/package-announce/2015-January/147346.html
http://lists.fedoraproject.org/pipermail/package-announce/2014-December/145746.html
http://lists.fedoraproject.org/pipermail/package-announce/2014-December/145352.html
http://lists.fedoraproject.org/pipermail/package-announce/2014-December/145256.html