Newly-Found Windows Bug Affects All Versions Since NT
garg0yle writes "A researcher has found a security bug that could allow privilege escalation in Windows. Nothing new there, right? Well, this affects the Virtual DOS Machine, found in every 32-bit version of Windows all the way back to Windows NT. That's 17 years worth of Windows and counting. 'Using code written for the VDM, an unprivileged user can inject code of his choosing directly into the system's kernel, making it possible to make changes to highly sensitive parts of the operating system. ... The vulnerability exists in all 32-bit versions of Microsoft OSes released since 1993, and proof-of-concept code works on the XP, Server 2003, Vista, Server 2008, and 7 versions of Windows, Ormandy reported.'"
Assuming, of course, that you're not running any binary blobs like, for example, the nVidia driver that had a remote exploit allowing an attacker to gain kernel privilege and wasn't fixed two years after it was first reported. No one outside of nVidia could audit the code and fix it, but other people (like the person who reported it) had found it and were able to exploit it.
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there's no possible way to remotely exploit this (outside of another vulnerability)
Your caveat says more than the rest of your post. Considering how many external-facing exploits exist, and how many probably remain undiscovered, I wouldn't be surprised if this one is often used to root a machine once it's been compromised. You can clean infected files, but only if you can detect them, and they're separate and distinct from your files.
One external-facing exploit can wreck havoc before it's fixed or the machine's reformatted. Add this one into play, and the operator simply won't realize the machine's compromised.
"If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be."