A use after free issue was addressed with improved memory management. This issue is fixed in macOS Monterey 12.0.1, iOS 15.1 and iPadOS 15.1, watchOS 8.1, tvOS 15.1. An application may be able to execute arbitrary code with kernel privileges.
https://support.apple.com/en-us/HT212876
https://support.apple.com/en-us/HT212874