The add_probe function in modutils/modprobe.c in BusyBox before 1.23.0 allows local users to bypass intended restrictions on loading kernel modules via a / (slash) character in a module name, as demonstrated by an "ifconfig /usbserial up" command or a "mount -t /snd_pcm none /" command.
https://plus.google.com/+MathiasKrause/posts/PqFCo4bfrWu
http://openwall.com/lists/oss-security/2015/01/24/4
http://git.busybox.net/busybox/commit/?id=4e314faa0aecb66717418e9a47a4451aec59262b