It was found that reporting emulation failures to user space could lead to either a local (CVE-2014-7842) or a L2->L1 (CVE-2010-5313) denial of service. In the case of a local denial of service, an attacker must have access to the MMIO area or be able to access an I/O port. Please note that on certain systems, HPET is mapped to userspace as part of vdso (vvar) and thus an unprivileged user may generate MMIO transactions (and enter the emulator) this way.
Other sources
Race condition in arch/x86/kvm/x86.c in the Linux kernel before 3.17.4 allows guest OS users to cause a denial of service (guest OS crash) via a crafted application that performs an MMIO transaction or a PIO transaction to trigger a guest userspace emulation error report, a similar issue to CVE-2010-5313.
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