The vulnerability arises from the ability to operate/create a environment variables with specially-crafted values before calling the bash shell.

leaving behind a backdoor for future attacks in the worst cases.

What Bash bug Could do ?

Bash Bug could be bigger threat than Heartbleed

A crafted web request targeting a vulnerable CGI software could launch code/command on the server.

DHCP clients invoke shell scripts to configure the system, with values taken from a potentially malicious server.

This would allow arbitrary commands to be run, typically as root, on the DHCP client machine.

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while these are only few of the examples this bug is capable of doing much more.

Why could be Bash Bug a Bigger Threat then Heartbleed ?

while the bash bug could lead an attacker to have full control over the system.

Red Hat and Fedora have already issued a patch for the bug.

source: www.techworm.net