The SHAREit application before 4.0.42 for Android allows a remote attacker (on the same network or joining public "open" Wi-Fi hotspots created by the application when file transfer is initiated) to download arbitrary files from the device including contacts, photos, videos, sound clips, etc. The attacker must be authenticated as a "recognized device."
The SHAREit application before 4.0.36 for Android allows a remote attacker (on the same network or joining public "open" Wi-Fi hotspots created by the application when file transfer is initiated) to bypass authentication by trying to fetch a non-existing page. When the non-existing page is requested, the application responds with a 200 status code and empty page, and adds the requesting client device into the list of recognized devices.