diff --git a/.gitignore b/.gitignore
index 8969660..a58e73c 100644
--- a/.gitignore
+++ b/.gitignore
@@ -102,3 +102,4 @@ libguestfs-1.5.3.tar.gz
 /libguestfs-1.14.5.tar.gz
 /libguestfs-1.14.6.tar.gz
 /libguestfs-1.14.7.tar.gz
+/libguestfs-1.14.8.tar.gz
diff --git a/libguestfs.spec b/libguestfs.spec
index ee84ce9..cadc9a9 100644
--- a/libguestfs.spec
+++ b/libguestfs.spec
@@ -29,7 +29,7 @@
 Summary:       Access and modify virtual machine disk images
 Name:          libguestfs
 Epoch:         1
-Version:       1.14.7
+Version:       1.14.8
 Release:       1%{?dist}
 License:       LGPLv2+
 Group:         Development/Libraries
@@ -988,6 +988,11 @@ rm -rf $RPM_BUILD_ROOT
 
 
 %changelog
+* Thu Dec 22 2011 Richard W.M. Jones <rjones@redhat.com> - 1:1.14.8-1
+- New upstream version 1.14.8.
+- Fixes Security: Mitigate possible privilege escalation via SG_IO ioctl
+  (CVE-2011-4127, RHBZ#757071).
+
 * Fri Dec  9 2011 Richard W.M. Jones <rjones@redhat.com> - 1:1.14.7-1
 - New upstream stable version 1.14.7.
 - Rebase patches.
diff --git a/sources b/sources
index 653af92..38f4dba 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-221f8a22d180e37023c5391ac730add2  libguestfs-1.14.7.tar.gz
+63e26090a3933dfcd492b4c9713c336b  libguestfs-1.14.8.tar.gz