Trend Micro Password Manager (Consumer) version 5.0.0.1266 and below is vulnerable to a Link Following Local Privilege Escalation Vulnerability that could allow a local attacker to leverage this vulnerability to delete files in the context of an administrator when the administrator installs Trend Micro Password Manager.
The product, when opening a file or directory, does not sufficiently handle when the file is a Windows shortcut (.LNK) whose target is outside of the intended control sphere. This could allow an attacker to cause the product to operate on unauthorized files.