As per the advisory, Apple iOS 16.1, Apple iOS versions prior to 16.0.3 and iPadOS versions prior to 16 are affected by the vulnerability – CVE-2022-42827.
These vulnerabilities can be exploited by a remote attacker to persuade the victim to open a specially crafted file or application. On successful exploitation of these vulnerabilities, the attacker could gain access to sensitive information, execute arbitrary code, spoofing of the interface address or denial of service conditions on the targeted system.
The CERT-In advisory says that the vulnerability is being exploited in the wild. Users are advised to apply software updates as mentioned in the Apple Security updates.