Google is aware of reports that an exploit for CVE-2024-0519 exists in the wild.
A temporary fix has been applied via Google. A permanent fix will be pushed OTA later.
The way applications are approved is changing.
The bug leads to irreversible application of restrictions, a full device wipe is the only option for resolution if policies later need to be changed.
You'll now see security exceptions for new installations of non-compliant apps.