There is an URL handling vulnerability potentially allowing remote code execution in Windows XP and Windows Server 2003 systems equipped with Internet Explorer 7. Systems using other Internet Explorer versions seem not to be affected by this bug.
At this moment there is no evidence that this vulnerability has lead to any attack, but Microsoft is investigating the public reports that announced the vulnerability.
Obviously, if confirmed, this vulnerability will be patched as soon as possible by Microsoft.
In the meantime... use Firefox or Opera.
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