c:\dir\test.dat
test.dat
..\..\test.dat
When a URL is received by a Web server, the server maps the request to a file system path that determines the response. The canonicalization routine that is used to map the request must correctly parse the URL to avoid serving or processing unexpected content. For more information about canonicalization, visit the following Microsoft Web site:
http://msdn.microsoft.com/library/.../THCMCh04.asp
Also related to this KB article is somthing that Scott Watermasysk highlighted
ASP.NET Security Issue and Guidance about an ASP.NET Forms authentication vulnerability, which can be cured with the appropriate canonical checks.