This claim seems to come from ARM marketing but every SW company applying it - notably Google which I believe may have worked with ARM on this - mention of these types of tags in a security context (I believe Herb Sutter also talks about this as a way to harden c++ code). In fact, it’s seen as one very important way to harden existing legacy c/c++ code (and even unsafe Rust). There’s a big difference between 100% success rate and 1/16th - while you will still get an exploit through a 1/16th chance, the chances of detection raise significantly which isn’t nothing in a security context as it leaves a trail of breadcrumbs to investigate.
> It will take more fundamental mitigations that address the root issue of memory corruption, like MTE, in order to dramatically raise the bar for attackers.
https://googleprojectzero.blogspot.com/2024/06/driving-forwa...
> Hardware memory tagging may fix some security pitfalls of C++, while still allowing high performance. We are looking forward to see a more broad adoption of hardware memory tagging in the future and suggest using Scan on top of hardware memory tagging to fix temporary memory safety for C++
https://security.googleblog.com/2022/05/retrofitting-tempora...
Of course MTE + Scan described above may not be vulnerable to this attack, but my point stands that MTE is very much viewed as a memory safety hardening feature (and thus the security implications that come with safety hardening).
This isn’t that bad news either. It may leave existing chips vulnerable but the next iteration of MTE will probably account for this problem (assuming you can’t patch microcode to solve this).