Here is Adobe's response on the issue. They need time to figure out if log4j 1.2.17 that is inside AEM is affected by this security flaw.
[Q1] Is Adobe aware of this Apache log4j library vulnerability?
[Adobe] Yes. Adobe is aware of this Apache log4j library vulnerability.
[Q2] Does Adobe use the Apache log4j library impacted by this issue?
[Adobe] Yes. This library is widely used in many applications and services across the industry, including Adobe.
[Q3] Is my data impacted?
[Adobe] The investigation is ongoing.
[Q4] What is Adobe doing to address the vulnerability?
[Adobe] Adobe is investigating potential impact and is taking action including updating affected systems to the latest versions of Apache log4j recommended by the Apache Software Foundation.
[Q5] How is Adobe addressing this vulnerability with its vendors/suppliers/partners?
[Adobe] Adobe is reaching out to our vendors to determine potential impact now.
[Q6]Is there anything customers need to do to help protect themselves against this issue?
[Adobe] OOTB AEM ships with log4j v1.2.17 and CVE-2021-44228 seems to impact Apache Log4j 2 i.e. versions 2.0 to 2.14.1 To be absolutely sure, our engineering teams are testing if CVE-2021-44228 impacts any version of AEM. Once we have completed our investigation we will be updating you further. In the meantime, please ask your internal teams to check if they have used Apache Log4j 2 i.e. versions 2.0 to 2.14.1 in their custom projects inside AEM. If you are using Apache Log4j 2 i.e. versions 2.0 to 2.14.1 in your project then please work on it to rectify it asap.