In case you’ve just returned now from vacations 
General Information
This security update resolves publicly disclosed vulnerabilities in Microsoft Exchange Server WebReady Document Viewing. The vulnerabilities could allow remote code execution in the security context of the transcoding service on the Exchange server if a user previews a specially crafted file using Outlook Web App (OWA). The transcoding service in Exchange that is used for WebReady Document Viewing is running in the LocalService account. The LocalService account has minimum privileges on the local computer and presents anonymous credentials on the network.
This security update is rated Critical for all supported editions of Microsoft Exchange Server 2007 and Microsoft Exchange Server 2010. For more information, see the subsection, Affected and Non-Affected Software, in this section.
The security update addresses the vulnerabilities by updating the affected Oracle Outside In libraries to a non-vulnerable version. For more information about the vulnerabilities, see the Frequently Asked Questions (FAQ) subsection for the specific vulnerabilities entry under the next section, Vulnerability Information.
This security update also addresses the vulnerabilities first described in Microsoft Security Advisory 2737111 for affected editions of Microsoft Exchange Server.
Recommendation. Customers can configure automatic updating to check online for updates from Microsoft Update by using the Microsoft Update service. Customers who have automatic updating enabled and configured to check online for updates from Microsoft Update typically will not need to take any action because this security update will be downloaded and installed automatically. Customers who have not enabled automatic updating need to check for updates from Microsoft Update and install this update manually. For information about specific configuration options in automatic updating in supported editions of Windows XP and Windows Server 2003, see Microsoft Knowledge Base Article 294871. For information about automatic updating in supported editions of Windows Vista, Windows Server 2008, Windows 7, and Windows Server 2008 R2, see Understanding Windows automatic updating.
For administrators and enterprise installations, or end users who want to install this security update manually, Microsoft recommends that customers apply the update immediately using update management software, or by checking for updates using the Microsoft Update service.