Microsoft has released a patch to address the IE security flaw that was announced a few days ago. Once the patch has been installed, it is safe to resume use of Internet Explorer.
For college-owned Windows computers, the patch was released yesterday afternoon (5/1):
For personally-owned Windows computers, the patch should be available through your normal Windows Update process.
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https://www.ithaca.edu/intercom/article.php/20140502092919947