Summary

The wrong string if check is run for iss checking, resulting in "acb" being accepted for "_abc_".

Details

This is a bug introduced in version 2.10.0: checking the "iss" claim
changed from isinstance(issuer, list) to isinstance(issuer, Sequence).

-        if isinstance(issuer, list):
+        if isinstance(issuer, Sequence):
            if payload["iss"] not in issuer:
                raise InvalidIssuerError("Invalid issuer")
        else:

Since str is a Sequnce, but not a list, in is also used for string
comparison. This results in if "abc" not in "__abcd__": being
checked instead of if "abc" != "__abc__":.

PoC

Check out the unit tests added here: https://github.com/jpadilla/pyjwt-ghsa-75c5-xw7c-p5pm

        issuer = "urn:expected"

        payload = {"iss": "urn:"}

        token = jwt.encode(payload, "secret")

        # decode() succeeds, even though `"urn:" != "urn:expected". No exception is raised.
        with pytest.raises(InvalidIssuerError):
            jwt.decode(token, "secret", issuer=issuer, algorithms=["HS256"])

Impact

I would say the real world impact is not that high, seeing as the signature still has to match. We should still fix it.