The more I read about low level languages like C and pointers and memory management, it makes me wonder about the current state of the art with modern operating systems and memory protection. For example what kind of checks are in place that prevent some rogue program from randomly trying to read as much address space as it can and disregard the rules set in place by the operating system?
In general terms how do these memory protection schemes work? What are their strength and weaknesses? To put it another way, are there things that simply cannot be done anymore when running a compiled program in a modern OS even if you have C and you own compiler with whatever tweaks you want?