Consider Updating Flash if you Don’t have Auto Update set
A critical vulnerability (CVE-2015-0313) exists in Adobe Flash Player 16.0.0.296 and earlier versions for Windows and Macintosh. Successful exploitation could cause a crash and potentially allow an attacker to take control of the affected system. We are aware of reports that this vulnerability is being actively exploited in the wild via drive-by-download attacks against systems running Internet Explorer and Firefox on Windows 8.1 and below.
UPDATE (February 4): Users who have enabled auto-update for the Flash Player desktop runtime will be receiving version 16.0.0.305 beginning on February 4. This version includes a fix for CVE-2015-0313. Adobe expects to have an update available for manual download on February 5, and we are working with our distribution partners to make the update available in Google Chrome and Internet Explorer 10 and 11. For more information on updating Flash Player please refer to this post.
Affected software versions
Adobe Flash Player 16.0.0.296 and earlier versions for Windows and Macintosh
Adobe Flash Player 13.0.0.264 and earlier 13.x versions
To verify the version of Adobe Flash Player installed on your system, access the About Flash Player page, or right-click on content running in Flash Player and select “About Adobe (or Macromedia) Flash Player” from the menu. If you use multiple browsers, perform the check for each browser you have installed on your system.
More: Adobe Security Bulletin