Summary An attempt has been made to break into the FTP server by sending a very long user name.
Details
This is a typical buffer overflow bug, and it is found in many FTP servers. When logging on, rather than typing a normal user name like "alice", the attack attempts to send a very loooooooonnnnnnnnnggggggg user name. The intruder intends to send more data than the FTP server expects, thereby causing the extra characters to overflow into other memory, and thereby compromise the system.
Defense
Make sure that the latest FTP service is installed. The links below list many (but not all) FTP servers and versions that may be vulnerable to this problem.