diff --git a/IPython/__init__.py b/IPython/__init__.py
index 5d656e4..e12da90 100644
--- a/IPython/__init__.py
+++ b/IPython/__init__.py
@@ -60,6 +60,10 @@ __author__ = '%s <%s>' % (release.author, release.author_email)
 __license__  = release.license
 __version__  = release.version
 version_info = release.version_info
+# list of CVEs that should have been patched in this release.
+# this is informational and should not be relied upon.
+__patched_cves__ = {"CVE-2022-21699"}
+
 
 def embed_kernel(module=None, local_ns=None, **kwargs):
     """Embed and start an IPython kernel in a given scope.
diff --git a/IPython/core/application.py b/IPython/core/application.py
index e93a106..2b389a6 100644
--- a/IPython/core/application.py
+++ b/IPython/core/application.py
@@ -157,7 +157,7 @@ class BaseIPythonApplication(Application):
     config_file_paths = List(Unicode())
     @default('config_file_paths')
     def _config_file_paths_default(self):
-        return [os.getcwd()]
+        return []
 
     extra_config_file = Unicode(
     help="""Path to an extra config file to load.
diff --git a/IPython/core/profileapp.py b/IPython/core/profileapp.py
index 97434e3..9a1bae5 100644
--- a/IPython/core/profileapp.py
+++ b/IPython/core/profileapp.py
@@ -181,9 +181,10 @@ class ProfileList(Application):
         profiles = list_profiles_in(os.getcwd())
         if profiles:
             print()
-            print("Available profiles in current directory (%s):" % os.getcwd())
-            self._print_profiles(profiles)
-        
+            print(
+                "Profiles from CWD have been removed for security reason, see CVE-2022-21699:"
+            )
+
         print()
         print("To use any of the above profiles, start IPython with:")
         print("    ipython --profile=<name>")
diff --git a/IPython/core/profiledir.py b/IPython/core/profiledir.py
index 756595a..1e33b55 100644
--- a/IPython/core/profiledir.py
+++ b/IPython/core/profiledir.py
@@ -188,7 +188,7 @@ class ProfileDir(LoggingConfigurable):
         is not found, a :class:`ProfileDirError` exception will be raised.
 
         The search path algorithm is:
-        1. ``os.getcwd()``
+        1. ``os.getcwd()`` # removed for security reason.
         2. ``ipython_dir``
 
         Parameters
@@ -200,7 +200,7 @@ class ProfileDir(LoggingConfigurable):
             will be "profile_<profile>".
         """
         dirname = u'profile_' + name
-        paths = [os.getcwd(), ipython_dir]
+        paths = [ipython_dir]
         for p in paths:
             profile_dir = os.path.join(p, dirname)
             if os.path.isdir(profile_dir):
diff --git a/docs/source/whatsnew/version8.rst b/docs/source/whatsnew/version8.rst
index 2ff732c..72167a5 100644
--- a/docs/source/whatsnew/version8.rst
+++ b/docs/source/whatsnew/version8.rst
@@ -2,6 +2,48 @@
  8.x Series
 ============
 
+
+IPython 8.0.1 (CVE-2022-21699)
+------------------------------
+
+IPython 8.0.1, 7.31.1 and 5.11 are security releases that change some default
+values in order to prevent potential Execution with Unnecessary Privileges.
+
+Almost all version of IPython looks for configuration and profiles in current
+working directory. Since IPython was developed before pip and environments
+existed it was used a convenient way to load code/packages in a project
+dependant way.
+
+In 2022, it is not necessary anymore, and can lead to confusing behavior where
+for example cloning a repository and starting IPython or loading a notebook from
+any Jupyter-Compatible interface that has ipython set as a kernel can lead to
+code execution.
+
+
+I did not find any standard way for packaged to advertise CVEs they fix, I'm
+thus trying to add a ``__patched_cves__`` attribute to the IPython module that
+list the CVEs that should have been fixed. This attribute is informational only
+as if a executable has a flaw, this value can always be changed by an attacker.
+
+.. code::
+
+    In [1]: import IPython
+
+    In [2]: IPython.__patched_cves__
+    Out[2]: {'CVE-2022-21699'}
+
+    In [3]: 'CVE-2022-21699' in IPython.__patched_cves__
+    Out[3]: True
+
+Thus starting with this version:
+
+ - The current working directory is not searched anymore for profiles or
+   configurations files.
+ - Added a ``__patched_cves__`` attribute (set of strings) to IPython module that contain
+   the list of fixed CVE. This is informational only.
+
+
+
 IPython 8.0
 -----------