The issue was addressed with improved memory handling. This issue is fixed in tvOS 16.1, macOS Big Sur 11.7, macOS Ventura 13, watchOS 9.1, iOS 16.1 and iPadOS 16, macOS Monterey 12.6. An app may be able to execute arbitrary code with kernel privileges.
A parsing issue in the handling of directory paths was addressed with improved path validation. This issue is fixed in iOS 16.1 and iPadOS 16, macOS Ventura 13. A shortcut may be able to check the existence of an arbitrary path on the file system.