Red Hat Security Advisory 2012-1234-01 - KVM is a full virtualization solution for Linux on AMD64 and Intel 64 systems. qemu-kvm is the user-space component for running virtual machines using KVM. A flaw was found in the way QEMU handled VT100 terminal escape sequences when emulating certain character devices. A guest user with privileges to write to a character device that is emulated on the host using a virtual console back-end could use this flaw to crash the qemu-kvm process on the host or, possibly, escalate their privileges on the host. This flaw did not affect the default use of KVM.
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