BlackICE does not protect pamversion.dll in its installation directory. And also because its component
protection fails to protect BlackICE processes this can be misused to inject fake DLL into BlackICE service.

The whole advisory with more details and source code is available here
http://www.matousec.com/info/advisories/BlackICE-DLL-faking-of-run-time-linked-libraries.php 

Regards,


-- 
David Matousek

Founder and Chief Representative of Matousec - Transparent security
http://www.matousec.com/