A type confusion issue was addressed with improved state handling. This issue is fixed in iOS 12.5.5, iOS 14.4 and iPadOS 14.4, macOS Big Sur 11.2, Security Update 2021-001 Catalina, Security Update 2021-001 Mojave, Security Update 2021-006 Catalina. A malicious application may be able to execute arbitrary code with kernel privileges. Apple is aware of reports that an exploit for this issue exists in the wild.
https://securityaffairs.com/168941/apt/salt-typhoon-china-linked-threat-actors-breached-us-isp.html
https://www.tenable.com/cyber-exposure/tenable-2022-threat-landscape-report
https://www.tenable.com/cyber-exposure/2021-threat-landscape-retrospective
https://support.apple.com/en-us/HT212825
https://support.apple.com/en-us/HT212824