Yesterday, Adobe issued Security Advisory APSA11-02. The advisory states that:
"A critical vulnerability exists in Flash Player 10.2.153.1 and earlier versions (Adobe Flash Player 10.2.154.25 and earlier for Chrome users) for Windows, Macintosh, Linux and Solaris, Adobe Flash Player 10.2.156.12 and earlier versions for Android, and the Authplay.dll component that ships with Adobe Reader and Acrobat X (10.0.2) and earlier 10.x and 9.x versions for Windows and Macintosh operating systems."
And… this new vulnerability is currently being exploited in the wild:
"There are reports that this vulnerability is being exploited in the wild in targeted attacks via a Flash (.swf) file embedded in a Microsoft Word (.doc) file delivered as an email attachment, targeting the Windows platform."
Our thought is why disable what you can easily uninstall?
We don't generally use Internet Explorer, so we don't need the IE version of Flash Player enabled at all. For Flash on the Web, you can use a designated browser (other than IE). Do you really need Flash enabled for Office?
This is what Microsoft Office will prompt when opening a document/spreadsheet/presentation containing embedded Flash content with no ActiveX version of Flash installed.
The "Non-IE" versions of Flash Player are of course still vulnerable to exploit, but it's harder to image a successful targeted attack (via e-mail) against them, which is probably why current attacks are using Office.
Incidentally, it looks as if the next version of Flash Player (10.3) will include a control panel applet: