The WAVLINK Quantum D4G (WN531G3) running firmware version M31G3.V5030.200325 uses IP addresses to hold sessions and does not not use session tokens. Therefore, if an attacker changes their IP address to match the logged-in administrator's, or is behind the same NAT as the logged in administrator, session takeover is possible.

The WAVLINK Quantum D4G (WN531G3) running firmware version M31G3.V5030.200325 does not utilize anti-CSRF tokens, which, when combined with other issues (such as CVE-2022-35518), can lead to remote, unauthenticated command execution.

Because the WAVLINK Quantum D4G (WN531G3) running firmware version M31G3.V5030.200325 and earlier communicates over HTTP and not HTTPS, and because the hashing mechanism does not rely on a server-supplied key, it is possible for an attacker with sufficient network access to capture the hashed password of a logged on user and use it in a classic Pass-the-Hash style attack.