UltraEdit Insecure Library Loading Vulnerability

Summary
This host is installed with UltraEdit and is prone to insecure library loading vulnerability.
Impact
Successful exploitation will allow remote attackers to execute arbitrary code. Impact Level: Application.
Solution
No solution or patch was made available for at least one year since disclosure of this vulnerability. Likely none will be provided anymore. General solution options are to upgrade to a newer release, disable respective features, remove the product or replace the product by another one. A workaround is to disable loading of libraries from WebDAV and remote network shares and to disable the WebClient service
Insight
The flaw exists due to the application loading libraries in an insecure manner. This can be exploited to load arbitrary libraries by tricking a user into opening a UENC file located on a remote WebDAV or SMB share.
Affected
UltraEdit version 16.20.0.1009 and prior.
References