USN-4973-1 fixed this vulnerability previously, but it was re-introduced in python3.8 in focal because of the SRU in LP: #1928057. This update fixes the problem.
Original advisory details:
It was discovered that the Python stdlib ipaddress API incorrectly handled octal strings. A remote attacker could possibly use this issue to perform a wide variety of attacks, including bypassing certain access restrictions.
{
    "availability": "No subscription required",
    "binaries": [
        {
            "binary_name": "idle-python3.8",
            "binary_version": "3.8.10-0ubuntu1~20.04.1"
        },
        {
            "binary_name": "libpython3.8",
            "binary_version": "3.8.10-0ubuntu1~20.04.1"
        },
        {
            "binary_name": "libpython3.8-dev",
            "binary_version": "3.8.10-0ubuntu1~20.04.1"
        },
        {
            "binary_name": "libpython3.8-minimal",
            "binary_version": "3.8.10-0ubuntu1~20.04.1"
        },
        {
            "binary_name": "libpython3.8-stdlib",
            "binary_version": "3.8.10-0ubuntu1~20.04.1"
        },
        {
            "binary_name": "libpython3.8-testsuite",
            "binary_version": "3.8.10-0ubuntu1~20.04.1"
        },
        {
            "binary_name": "python3.8",
            "binary_version": "3.8.10-0ubuntu1~20.04.1"
        },
        {
            "binary_name": "python3.8-dev",
            "binary_version": "3.8.10-0ubuntu1~20.04.1"
        },
        {
            "binary_name": "python3.8-examples",
            "binary_version": "3.8.10-0ubuntu1~20.04.1"
        },
        {
            "binary_name": "python3.8-full",
            "binary_version": "3.8.10-0ubuntu1~20.04.1"
        },
        {
            "binary_name": "python3.8-minimal",
            "binary_version": "3.8.10-0ubuntu1~20.04.1"
        },
        {
            "binary_name": "python3.8-venv",
            "binary_version": "3.8.10-0ubuntu1~20.04.1"
        }
    ]
}