Adobe has introduced two interesting security tools in the last two releases of the Reader product - one is an integrated update mechanism that will eventually default to automatic and silent updates. This mechanism is currently in beta and being tested with part of the installed base. The second tool is a internal blacklist that allows hackers to disable specific JavaScript functions. Adobe recently provided guidance on how to mitigate the December 0-day by using this tool. Both tools are in their initial stages but look very promising.
The fixed versions are now Reader v9.3 and v8.2 . What is important for Adobe Reader v7 users to know is that v7 is now out of support (as of 12/28/2009 - see: http://www.adobe.com/support/products/enterprise/eol/eol_matrix.html#86) and is not being updated anymore with Security fixes. However, it is impacted by the December 0-day. IT administrators should take inventory of their v7 users and upgrade them to the current standard of v9.
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