A buffer overflow was addressed with improved bounds checking. This issue is fixed in macOS Monterey 12.1, Security Update 2021-008 Catalina, macOS Big Sur 11.6.2. A malicious application may be able to execute arbitrary code with kernel privileges.
The product copies an input buffer to an output buffer without verifying that the size of the input buffer is less than the size of the output buffer, leading to a buffer overflow.