A method for processing a packet that includes receiving a packet for a target, classifying the packet, and sending the packet to a receive ring based on the classification. The method also includes obtaining an identifier (ID) associated with the target based on the classification, and sending a request for virtual memory that includes the ID. Furthermore, the method includes determining, using the ID, whether the target has exceeded a virtual memory allocation associated with the target. In addition, the method includes allocating the virtual memory, storing the packet in the virtual memory, and updating the virtual memory allocation associated with the target to reflect the allocation of the virtual memory, all if the target does not exceed the virtual memory allocation. The method further includes waiting until the target is not exceeding the virtual memory allocation if the target exceeds the virtual memory allocation.