The vulnerabilities, which also affect the Mozilla browser, could potentially exploited by malicious people to conduct cross-site scripting attacks, access and modify sensitive information, and compromise a user's system.
The open-source group has already fixed the bugs and are urging users to upgrade to Mozilla 1.7.3, Firefox 1.0PR and Thunderbird 0.8.
The news comes just days after the open-source project issued a preview release of Firefox 1.0, which includes an RSS reader that displays "live bookmarks, a new "Find" tool and an updated plug-in installer.
An advisory released by Secunia warned that the flaws carry a "highly critical" rating.
