The kvm_set_msr_common function in arch/x86/kvm/x86.c in the Linux kernel through 3.8.4 does not ensure a required time_page alignment during an MSR_KVM_SYSTEM_TIME operation, which allows guest OS users to cause a denial of service (buffer overflow and host OS memory corruption) or possibly have unspecified other impact via a crafted application.
The product performs operations on a memory buffer, but it reads from or writes to a memory location outside the buffer's intended boundary. This may result in read or write operations on unexpected memory locations that could be linked to other variables, data structures, or internal program data.