diff --git a/spring-cloud-config-server/src/main/java/org/springframework/cloud/config/server/resource/GenericResourceRepository.java b/spring-cloud-config-server/src/main/java/org/springframework/cloud/config/server/resource/GenericResourceRepository.java
index 87b89764..667827fc 100644
--- a/spring-cloud-config-server/src/main/java/org/springframework/cloud/config/server/resource/GenericResourceRepository.java
+++ b/spring-cloud-config-server/src/main/java/org/springframework/cloud/config/server/resource/GenericResourceRepository.java
@@ -17,6 +17,7 @@
 package org.springframework.cloud.config.server.resource;
 
 import java.io.IOException;
+import java.util.ArrayList;
 import java.util.Collection;
 import java.util.LinkedHashSet;
 import java.util.Set;
@@ -56,18 +57,22 @@ public class GenericResourceRepository
 		if (StringUtils.hasText(path)) {
 			String[] locations = this.service.getLocations(application, profile, label)
 					.getLocations();
+			ArrayList<Resource> locationResources = new ArrayList<>();
+			for (int i = locations.length; i-- > 0;) {
+				String location = locations[i];
+				if (!PathUtils.isInvalidEncodedLocation(location)) {
+					locationResources.add(this.resourceLoader.getResource(location));
+				}
+			}
+
 			try {
-				for (int i = locations.length; i-- > 0;) {
-					String location = locations[i];
-					if (PathUtils.isInvalidEncodedLocation(location)) {
-						continue;
-					}
+				for (Resource location : locationResources) {
 					for (String local : getProfilePaths(profile, path)) {
 						if (!PathUtils.isInvalidPath(local)
 								&& !PathUtils.isInvalidEncodedPath(local)) {
-							Resource file = this.resourceLoader.getResource(location)
-									.createRelative(local);
-							if (file.exists() && file.isReadable()) {
+							Resource file = location.createRelative(local);
+							if (file.exists() && file.isReadable() && PathUtils
+									.checkResource(file, location, locationResources)) {
 								return file;
 							}
 						}
diff --git a/spring-cloud-config-server/src/main/java/org/springframework/cloud/config/server/support/PathUtils.java b/spring-cloud-config-server/src/main/java/org/springframework/cloud/config/server/support/PathUtils.java
index e6bb0f99..3102aad3 100644
--- a/spring-cloud-config-server/src/main/java/org/springframework/cloud/config/server/support/PathUtils.java
+++ b/spring-cloud-config-server/src/main/java/org/springframework/cloud/config/server/support/PathUtils.java
@@ -16,12 +16,17 @@
 
 package org.springframework.cloud.config.server.support;
 
+import java.io.IOException;
 import java.io.UnsupportedEncodingException;
 import java.net.URLDecoder;
+import java.util.List;
 
 import org.apache.commons.logging.Log;
 import org.apache.commons.logging.LogFactory;
 
+import org.springframework.core.io.ClassPathResource;
+import org.springframework.core.io.Resource;
+import org.springframework.core.io.UrlResource;
 import org.springframework.util.ResourceUtils;
 import org.springframework.util.StringUtils;
 
@@ -205,4 +210,71 @@ public abstract class PathUtils {
 		return false;
 	}
 
+	/**
+	 * Perform additional checks on a resolved resource beyond checking whether the
+	 * resources exists and is readable. The default implementation also verifies the
+	 * resource is either under the location relative to which it was found or is under
+	 * one of the {@link #setAllowedLocations allowed locations}.
+	 * @param resource the resource to check
+	 * @param location the location relative to which the resource was found
+	 * @param allowedLocations set of allowed locations
+	 * @return "true" if resource is in a valid location, "false" otherwise.
+	 * @throws IOException if Resource URLS fail to parse.
+	 * @since 4.1.2
+	 */
+	public static boolean checkResource(Resource resource, Resource location,
+			List<Resource> allowedLocations) throws IOException {
+		if (isResourceUnderLocation(resource, location)) {
+			return true;
+		}
+		if (allowedLocations != null) {
+			for (Resource current : allowedLocations) {
+				if (isResourceUnderLocation(resource, current)) {
+					return true;
+				}
+			}
+		}
+		if (logger.isWarnEnabled()) {
+			logger.warn("Resource path \"" + location.getURI()
+					+ "\" was successfully resolved " + "but resource \""
+					+ resource.getURL() + "\" is neither under the "
+					+ "current location \"" + location.getURL()
+					+ "\" nor under any of the " + "allowed locations "
+					+ (allowedLocations != null ? allowedLocations : "[]"));
+		}
+		return false;
+	}
+
+	private static boolean isResourceUnderLocation(Resource resource, Resource location)
+			throws IOException {
+		if (resource.getClass() != location.getClass()) {
+			return false;
+		}
+
+		String resourcePath;
+		String locationPath;
+
+		if (resource instanceof UrlResource) {
+			resourcePath = resource.getURL().toExternalForm();
+			locationPath = StringUtils.cleanPath(location.getURL().toString());
+		}
+		else if (resource instanceof ClassPathResource) {
+			resourcePath = ((ClassPathResource) resource).getPath();
+			locationPath = StringUtils
+					.cleanPath(((ClassPathResource) location).getPath());
+		}
+		else {
+			resourcePath = resource.getURL().getPath();
+			locationPath = StringUtils.cleanPath(location.getURL().getPath());
+		}
+
+		if (locationPath.equals(resourcePath)) {
+			return true;
+		}
+		locationPath = (locationPath.endsWith("/") || locationPath.isEmpty()
+				? locationPath : locationPath + "/");
+		return (resourcePath.startsWith(locationPath)
+				&& !isInvalidEncodedPath(resourcePath));
+	}
+
 }
diff --git a/spring-cloud-config-server/src/test/java/org/springframework/cloud/config/server/resource/GenericResourceRepositoryTests.java b/spring-cloud-config-server/src/test/java/org/springframework/cloud/config/server/resource/GenericResourceRepositoryTests.java
index f333c0d7..062a2c36 100644
--- a/spring-cloud-config-server/src/test/java/org/springframework/cloud/config/server/resource/GenericResourceRepositoryTests.java
+++ b/spring-cloud-config-server/src/test/java/org/springframework/cloud/config/server/resource/GenericResourceRepositoryTests.java
@@ -120,6 +120,17 @@ public class GenericResourceRepositoryTests {
 		testInvalidPath("%2E%2E%2F");
 	}
 
+	@Test
+	public void invalidPathEncodedSlash() {
+		String file = System.getProperty("user.dir");
+		file = file.replaceFirst("\\/", "%2f");
+		file += "/src/test/resources/ssh/key";
+		this.exception.expect(NoSuchResourceException.class);
+		this.nativeRepository.setSearchLocations("file:./");
+		this.output.expect(containsString("is neither under the current location"));
+		this.repository.findOne("blah", "local", "master", file);
+	}
+
 	private void testInvalidPath(String label) {
 		this.exception.expect(NoSuchResourceException.class);
 		this.nativeRepository.setSearchLocations("file:./src/test/resources/test/local");