An Adobe security advisory has been posted regarding a vulnerability with Adobe Reader, Acrobat and Flash Player:

A critical vulnerability exists in the current versions of Flash Player (v9.0.159.0 and v10.0.22.87) for Windows, Macintosh and Linux operating systems, and the authplay.dll component that ships with Adobe Reader and Acrobat v9.x for Windows, Macintosh and UNIX operating systems. This vulnerability (CVE-2009-1862) could cause a crash and potentially allow an attacker to take control of the affected system. There are reports that this vulnerability is being actively exploited in the wild via limited, targeted attacks against Adobe Reader v9 on Windows.

Read the full bulletin on adobe.com and the blog post from Adobe PSIRT for more details.