Microsoft Security Bulletin MS04-037 - Vulnerability in Windows Shell Could Allow Remote Code Execution (841356). If a user is logged on with administrative privileges, an attacker who successfully exploited the most severe of these vulnerabilities could take complete control of an affected system, including installing programs; viewing, changing, or deleting data; or creating new accounts with full privileges. Users whose accounts are configured to have fewer privileges on the system would be at less risk than users who operate with administrative privileges. However, user interaction is required to exploit these vulnerabilities.
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