What is the CVE-2016-5195?
CVE-2016-5195 is the official reference to this bug. CVE (Common Vulnerabilities and Exposures) is the Standard for Information Security Vulnerability Names maintained by MITRE.
Why is it called the Dirty COW bug?
“A race condition was found in the way the Linux kernel’s memory subsystem handled the copy-on-write (COW) breakage of private read-only memory mappings. An unprivileged local user could use this flaw to gain write access to otherwise read-only memory mappings and thus increase their privileges on the system.” (RH)
Source: Dirty COW (CVE-2016-5195)