When serialized columns that use YAML (the default) are deserialized, Rails uses YAML.unsafe_load to convert the YAML data in to Ruby objects. If an attacker can manipulate data in the database (via means like SQL injection), then it may be possible for the attacker to escalate to an RCE.
There are no feasible workarounds for this issue, but other coders (such as JSON) are not impacted.
discuss.rubyonrails.org/t/cve-2022-32224-possible-rce-escalation-bug-with-serialized-columns-in-active-record/81017
github.com/advisories/GHSA-3hhc-qp5v-9p2j
github.com/rails/rails/commit/611990f1a6c137c2d56b1ba06b27e5d2434dcd6a
github.com/rubysec/ruby-advisory-db/blob/master/gems/activerecord/CVE-2022-32224.yml
groups.google.com/g/rubyonrails-security/c/MmFO3LYQE8U
nvd.nist.gov/vuln/detail/CVE-2022-32224