The product checks the status of a file or directory before accessing it, which produces a race condition in which the file can be replaced with a link before the access is performed, causing the product to access the wrong file.
While developers might expect that there is a very narrow time window between the time of check and time of use, there is still a race condition. An attacker could cause the product to slow down (e.g. with memory consumption), causing the time window to become larger. Alternately, in some situations, the attacker could win the race by performing a large number of attacks.
Automated static analysis, commonly referred to as Static Application Security Testing (SAST), can find some instances of this weakness by analyzing source code (or binary/compiled code) without having to execute it. Typically, this is done by building a model of data flow and control flow, then searching for potentially-vulnerable patterns that connect "sources" (origins of input) with "sinks" (destinations where the data interacts with external components, a lower layer such as the OS, etc.)