Microsoft has just posted their security patch builletin for August. As usual all required patches for your PC can be found on Windows Update. Here's a brief summary of the "critical" and "important" level vulnerabilities. (Read more for "moderate" level patches)
MS05-038: Cumulative Security Update for Internet Explorer (896727) Critical
Vulnerabilities exist in Internet Explorer, the most severe of these could allow an attacker to take complete control of an affected system.
MS05-039: Vulnerability in Plug and Play Could Allow Remote Code Execution and Elevation of Privilege (899588) Critical
A remote code execution vulnerability exists in Plug and Play (PnP) that could allow an attacker who successfully exploited this vulnerability to take complete control of the affected system.
MS05-043: Vulnerability in Print Spooler Service Could Allow Remote Code Execution (896423) Critical
A vulnerability exists in the Print Spooler service that could allow remote code execution.
MS05-040: Vulnerability in Telephony Service Could Allow Remote Code Execution (893756) Important
A vulnerability exits in the Telephony Application Programming Interface (TAPI) service that could allow remote code execution.
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