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From the Krebs on Security blog

Microsoft today released updates to plug a whopping 123 security holes in Windows and related software, including fixes for a critical, “wormable” flaw in Windows Server versions that Microsoft says is likely to be exploited soon. While this particular weakness mainly affects enterprises, July’s care package from Redmond has a little something for everyone. So if you’re a Windows (ab)user, it’s time once again to back up and patch up (preferably in that order).