The new vulnerabilities were discovered by a computer enthusiast known as 'cocoruder' and affect all Windows operating systems beyond Windows 95.
The flaws are in the Graphics Rendering Engine and could allow a hacker to exploit a memory overrun and crash a PC.
"Our initial investigation has found that these are not security vulnerabilities but rather performance issues that could cause an application to stop responding," said Microsoft in a statement.
"These issues do not allow an attacker to run code or crash the operating system. They may cause the WMF application to crash, in which case the user may restart the application and resume activity.
"Microsoft had previously identified these issues as part of its ongoing code maintenance and is evaluating them for inclusion in the next service pack for the affected products."
The flaws were posted on the Bugtraq mailing list, and code purporting to exploit the flaws appeared shortly afterwards.
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