Microsoft Word Remote Code Execution Vulnerability

There are multiple update packages available for some of the affected software. Do I need to install all the updates listed in the Security Updates table for the software?
Yes. Customers should apply all updates offered for the software installed on their systems. If multiple updates apply, they can be installed in any order.

Is the Preview Pane an attack vector for this vulnerability?
No, the Preview Pane is not an attack vector.

According to the CVSS metric, the attack vector is local (AV:L). Why does the CVE title indicate that this is a remote code execution?
The word Remote in the title refers to the location of the attacker. This type of exploit is sometimes referred to as Arbitrary Code Execution (ACE). The attack itself is carried out locally. This means an attacker or victim needs to execute code from the local machine to exploit the vulnerability.

According to the CVSS metric, user interaction is required (UI:R). What interaction would the user have to do?
An attacker must send a user a malicious Office file and convince them to open it.

Security updates
16.0.5561.1001 — https://support.microsoft.com/help/5002891
16.0.5561.1001 — https://support.microsoft.com/help/5002892
16.0.10417.20175 — https://support.microsoft.com/help/5002883
16.0.10417.20175 — https://support.microsoft.com/help/5002885
https — https://docs.microsoft.com/en-us/officeupdates/microsoft365-apps-security-updates
16.111.26071215 — https://go.microsoft.com/fwlink/p/?linkid=831049
16.0.19725.20434 — https://support.microsoft.com/help/5002882
16.0.5561.1000 — https://support.microsoft.com/help/5002890
16.111.26071215 — https://www.microsoft.com/en-us/microsoft-365/mac/microsoft-365-for-mac?msockid=35f9adb0e74b61392038b90de6fe608c