As this is a mincecraft datapack there should not be any major security vulneratilites. This being Said if there are we should evaluate and update the datapack as soon as any release occures that may require an update to the datapack.
Only the latest version of the datapack generator shall be supported. THis being said it should not be hard to modifiy the datapck to work with older versions of minecraft.
Please report any vulnerabilities as an Issue.