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Bug is in the Open SSL's implementation of the TLS/DTLS (transport layer security protocols) heartbeat extension (RFC6520).When it is exploited it leads to the leak of memory contents from the server to the client and from the client to the server.Fixed Open SSL has been released and now it has to be deployed.Operating system vendors and distribution, appliance vendors, independent software vendors have to adopt the fix and notify their users.
These have only contemporary value and will lose their value to the attacker when Open SSL has been upgraded to a fixed version.
This is the actual content handled by the vulnerable services.
It may be personal or financial details, private communication such as emails or instant messages, documents or anything seen worth protecting by encryption.
This compromises the secret keys used to identify the service providers and to encrypt the traffic, the names and passwords of the users and the actual content.
This allows attackers to eavesdrop on communications, steal data directly from the services and users and to impersonate services and users.