Yes, technically it's a vulnerability.
Yes.
'deep-extend vulnerability', 'deep-extend, security', 'deep-extend'
Environment:
OS: Linux 4.13
Node: 8.9.4
Yarn: Not Found
npm: 6.0.1
Watchman: Not Found
Xcode: N/A
Android Studio: Not Found
Packages: (wanted => installed)
react: ^16.2.0 => 16.3.2
react-dom: ^16.2.0 => 16.3.2
react-scripts: 1.1.4 => 1.1.4
npm auditVulnerabilities shouldn't exist.
Vulnerabilities exist.
Just install follow the steps above.

I'll leave it here: https://github.com/webpack/webpack/issues/7255
This is a development dependency, so there's nothing to worry about here. We wont be making a release to fix this, but we'll be updating all of our packages soon in anticipation of 2.0 finalizing.
Most helpful comment
This is a development dependency, so there's nothing to worry about here. We wont be making a release to fix this, but we'll be updating all of our packages soon in anticipation of 2.0 finalizing.