As security holes go, CVE-2023-4911, aka "Looney Tunables," isn't horrid. It has a Common Vulnerability Scoring System score of 7.8, which is ranked as important, not critical.
On the other hand, this GNU C Library's (glibc) dynamic loader vulnerability is a buffer overflow, which is always big trouble, and it's in pretty much all Linux distributions, so it's more than bad enough. After all, its discoverers, the Qualys Threat Research Unit, were able to exploit "this vulnerability (a local privilege escalation that grants full root privileges) on the default installations of Fedora 37 and 38, Ubuntu 22.04 and 23.04, and Debian 12 and 13." Other distributions are almost certainly vulnerable to attack. The one major exception is the highly secure Alpine Linux. Thanks to this vulnerability, it's trivial to take over most Linux systems as a root user. As the researchers noted, this exploitation method "works against almost all of the SUID-root programs that are installed by default on Linux...."
The good news is that Red Hat, Ubuntu, Debian, and Gentoo have all released their own updates. In addition, the upstream glibc code has been patched with the fix. If you can't patch it, Red Hat has a script that should work on most Linux systems to mitigate the problem by setting your system to terminate any setuid program invoked with GLIBC_TUNABLES in the environment.
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