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Multiple vulnerabilities have been discovered in Adobe products, the most severe of which could allow for arbitrary code execution.

Adobe Acrobat is used to view, create, print, and manage PDF files
Adobe Reader is used to view, create, print, and manage PDF files
Adobe Experience Manager is a comprehensive content management solution for building websites, mobile apps and forms
Adobe Connect is a suite of software for remote training, web conferencing, presentation, and desktop sharing
Successful exploitation of the most severe of these vulnerabilities could allow for arbitrary code execution in the context of the logged on user. Depending on the privileges associated with the user, an attacker could then install programs; view, change, or delete data; or create new accounts with full user rights. Users whose accounts are configured to have fewer user rights on the system could be less impacted than those who operate with administrative user rights.

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