Adobe has released an important security update (9.0.124) for its Flash Player plugin that addresses seven critical security vulnerabilities including the one exploited last week during the PWN 2 OWN hacking competition.

According to Adobe’s security advisory, the flaws affect Flash versions 9.0.115 and earlier, and could allow privilege escalation, cross-site scripting, DNS rebinding, and remote execution.

To update, download the latest Flash Player plugin from Adobe’s web site. Available for Windows, Mac OS X and Linux.

Via PC World.