This document discusses buffer overflows as a major software security problem. It begins by explaining how a buffer overflow occurs when a program writes past the end of an allocated buffer through errors like failing to check array bounds. This can allow attackers to execute arbitrary code by overwriting return addresses on the stack. The document covers various dynamic countermeasures implemented by compilers like stack canaries to help detect and prevent buffer overflow attacks. However, it notes these don't prevent all overflows like those on the heap.