ASCII Armor parser in Windows PGP 7.0.3 and earlier allows attackers to create files in arbitrary locations via a malformed ASCII armored file.
https://exchange.xforce.ibmcloud.com/vulnerabilities/6643
https://euvd.enisa.europa.eu/vulnerability/EUVD-2001-0265
http://www.securityfocus.com/bid/2556
http://www.atstake.com/research/advisories/2001/a040901-1.txt