Adobe has released security updates for Flash Player, AIR and Shockwave Player. Details are available in my blog post at Adobe Flash Player, AIR and Shockwave Player Security Updates (http://securitygarden.blogspot.com/2013/12/adobe-flash-player-air-and-shockware.html).
To update --
Flash Player: Direct downloads (no unwanted extras) for Windows 7 and earlier:
Internet Explorer - http://download.macromedia.com/get/flashplayer/current/licensing/win/install_flash_player_12_active_x.exe (http://download.macromedia.com/get/flashplayer/current/licensing/win/install_flash_player_12_active_x.exe)
Plugin-based browsers (Firefox etc) - http://download.macromedia.com/get/flashplayer/current/licensing/win/install_flash_player_12_plugin.exe (http://download.macromedia.com/get/flashplayer/current/licensing/win/install_flash_player_12_plugin.exe)
Flash Player Uninstaller (if needed) : http://download.macromedia.com/get/flashplayer/current/support/uninstall_flash_player.exe
AIR: AIR Download Center (http://get.adobe.com/air/)
Shockwave Player: http://get.adobe.com/shockwave/