Multiple serious vulnerabilities have been found in Adobe Flash Player & AIR. Malicious users can exploit these vulnerabilities to execute arbitrary code.

Below is a complete list of vulnerabilities

1. Type confusion vulnerability can be exploited remotely to execute arbitrary code;
2. Use-after-free vulnerabilities could be exploited remotely to execute arbitrary code;
3. Heap buffer overflow vulnerability can be exploited remotely to execute arbitrary code;
4. Memory corruption vulnerabilities could be exploited remotely to cause denial of service or execute arbitrary code.

Adobe Flash Player versions earlier than 20.0.0.306
Adobe Flash Player Extended Support Release versions earlier than 18.0.0.329
Adobe Flash Player for Linux versions earlier than 11.2.202.569
Adobe AIR versions earlier than 20.0.0.260

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The following public exploits exists for this vulnerability:

https://www.exploit-db.com/exploits/39461

https://www.exploit-db.com/exploits/39462

https://www.exploit-db.com/exploits/39467

https://www.exploit-db.com/exploits/39460

https://www.exploit-db.com/exploits/39466

https://www.exploit-db.com/exploits/39465

https://www.exploit-db.com/exploits/39463

Malware exists for this vulnerability. Usually such malware is classified as Exploit. More details.