Upstream patch: https://sourceware.org/git/?p=glibc.git;a=commit;h=d5dd6189d... Full diff: https://sourceware.org/git/?p=glibc.git;a=commitdiff;h=d5dd6...
Red Hat bug: https://bugzilla.redhat.com/show_bug.cgi?id=CVE-2015-0235
Debian bug: https://bugs.debian.org/776391
Great write-up from the discoverer (Qualys): http://www.openwall.com/lists/oss-security/2015/01/27/9 - thanks amlweems! (https://news.ycombinator.com/item?id=8954069)
It looks like when an application calls a function of the gethostbyname()/gethostbyname_r() family but passes a buffer and a buffer length that is too short to store the result, then the function sometimes fails to detect there is not enough space due to a miscalculation of how much space it needs, leading to a heap overflow. This means potentially arbitrary code execution! Edit: Both the reentrant version (gethostbyname_r) and non-reentrant one (gethostbyname) are affected (the non-reentrant one uses a fixed buffer length). The scope of this vulnerability is huge! A lot of server applications attempt to resolve or reverse-resolve network clients's hostnames or IP addresses when a connection is established, so they would all be potentially vulnerable: the malicious client controlling his DNS records simply needs to return specially crafted hostname or address data that is too big to fit in the buffer. And this affects everything, no matter what language the server application is written in: C, Python, PHP, Java...
Edit #2: it looks like the bug was patched 2 years ago, but the fact it was exploitable was not understood until today, hence why a CVE was only assigned now.
Edit #3: Apps written in Golang are not vulnerable: https://news.ycombinator.com/item?id=8954011 - thanks 4ad!