In an unprecedented move, Microsoft has issued a critical advisory urging users to apply a critical update from Flash Player update from Macromedia.
The vulnerability first reported by eEye Digital Security and Sec Consult, can allow malicious parties to inject unauthorized code, using invalid array indexes, to be executed by Flash Player. This vulnerability is browser independent. Users who have already upgraded to Flash Player 8 are not affected by this issue. Macromedia recommends all Flash Player 7 and earlier users upgrade to this new version, which can be downloaded from the Macromedia Player Download Center.
Several forums including Neowin.net allow users to add flash files in their avatars or signatures. Therefore the impact of this issue is far reaching.
News source: Microsoft Security Advisory (910550)
Download: Macromedia Player Download Center
The vulnerability first reported by eEye Digital Security and Sec Consult, can allow malicious parties to inject unauthorized code, using invalid array indexes, to be executed by Flash Player. This vulnerability is browser independent. Users who have already upgraded to Flash Player 8 are not affected by this issue. Macromedia recommends all Flash Player 7 and earlier users upgrade to this new version, which can be downloaded from the Macromedia Player Download Center.
Several forums including Neowin.net allow users to add flash files in their avatars or signatures. Therefore the impact of this issue is far reaching.
Breplibot.b is a file 10240 bytes in size, packed using UPX. When launching, the backdoor copies itself to the Windows system directory as $SYS$DRV.EXE. Using this name makes it possible for the Sony rootkit technology to be used to hide the activity of the malicious program. Of course, the backdoor's activity will only be hidden if DRM protection, as used on some Sony Audio CDs, functions on the victim machine.
As usual, Kaspersky Lab warns users to be careful, and not to open email from unknown senders, or open attachments to suspicious messages.

Wow. When did Microsoft become Macromedia's mouthpeice?
Since they started to bundle Flash with Windows. This is for the benefit of customers that uses Windows at home or deployed it in the large scale.
but they seem more focused in security, anyway.
Remember Microsost uses and have been using Macromedia Flash for years, and I think it's bundled with windows too.
Updates are available for these Operating systems too.
If you want to stick with flash 7 you can pick up updated versions for ie & firefox from: http://www.macromedia.com/go/d9c2fe33
http://forums.mozillazine.org/viewtopic.php?t=266291
Amazing I know...
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