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Microsoft Internet Explorer Server Certificate Validation Vulnerability

Solution:
Microsoft has released a patch which addresses this issue:

http://www.microsoft.com/windows/ie/download/critical/q295106/default.asp

Service Pack 2 for Internet Explorer 5.5 fixes this vulnerability:
http://download.microsoft.com/download/ie55sp2/install/5.5_sp2/win98me/en-us/ie5setup.exe

Reports indicate that a later patch may have negated the effects of this patch or that the patch never properly solved this issue.