Two new security flaws have been found in Microsoft Internet Explorer and Outlook. The two flaws are classed as “high severity”, mostly because they are allow a remote compromise to take place, meaning that a PC can be compromised from anywhere on the Internet. A remote compromise means that the nasty sorts can then use your computer for anything they like, which can include as spam gateways, as bot machines used to attack servers or just as a means for them to get your banking passwords and such.
Once Microsoft has had a chance to investigate and respond to the flaws, Eeye will provide further details.