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The new version fixes many critical memory corruption, stack overflow and buffer overflow vulnerabilities, and is recommended for all users.
Although Flash Player 11 is the last major version, this latest update will not be the last security update for mobile Flash.
"Adobe will continue to ship security updates for Flash Player mobile after the final feature release," Adobe's senior director of product security and privacy Brad Arkin said on Twitter.
This might be comforting for some users and developers, but we don't know for how long Adobe plans to release security updates for Flash Player mobile. We've asked Adobe for comment on the matter.