Multiple vulnerabilities in the Java Runtime Environment (JRE) component in Oracle Java SE 7 Update 6 and earlier allow remote attackers to execute arbitrary code via a crafted applet that bypasses SecurityManager restrictions by (1) using com.sun.beans.finder.ClassFinder.findClass and leveraging an exception with the forName method to access restricted classes from arbitrary packages such as sun.awt.SunToolkit, then (2) using "reflection with a trusted immediate caller" to leverage the getField method to access and modify private fields, as exploited in the wild in August 2012 using Gondzz.class and Gondvv.class.
It is unexpected and not allowed to call TTY buffer helpers like ttyinsertflipstring concurrently. This may lead to crashes when ECHOing is enabled and concurrect writers call ptywrite in the meantime. In that case the two writers: the ECHOing from a workqueue and ptywrite from the process race and can overflow the corresponding TTY buffer.
An unprivileged local user could use this flaw to crash the system or, potentially, escalate their privileges on the system.
References: http://seclists.org/oss-sec/2014/q2/243