DIP (Dialup IP Protocol Driver) handles the connections needed for dialup IP links, like SLIP or CSLIP. It can handle both incoming and outgoing connections, using password security for incoming connections. A security vulnerability has been discovered 3 years ago that is still present in SuSE Linux version 7.2 (the latest is 8.0). The vulnerability yields root privileges.
Credit:
The information has been provided by sebi hegi and pr10n.