LJ staff are claiming to have fixed the bug in their new release that was showing some users other people's locked entries.
However, they are referring to the problem has having lasted 3 minutes, when reports were for at least 24 hours, and saying it was not a security problem. This is not most users' idea of "not a security problem"; at best, it's a less serious problem than if people had also been able to edit or delete random other people's entries. (People also seem unhappy about some of the things that this new release is doing by design.)
However, they are referring to the problem has having lasted 3 minutes, when reports were for at least 24 hours, and saying it was not a security problem. This is not most users' idea of "not a security problem"; at best, it's a less serious problem than if people had also been able to edit or delete random other people's entries. (People also seem unhappy about some of the things that this new release is doing by design.)
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But...it was certainly a -data- security problem, so using that particular phrasing was just a terrible, terrible idea even if it fits their internal terminology.