The February update for Windows will close the loophole that dates from the time of the DOS operating system.

First appearing in Windows NT 3.1, the vulnerability has been carried over into almost every version of Windows that has appeared since.

The monthly security update will also tackle a further 25 holes in Windows, five of which are rated as "critical".

Home hijack

The ancient bug was discovered by Google security researcher Tavis Ormandy in January 2010 and involves a utility that allows newer versions of Windows to run very old programs.

Mr Ormandy has found a way to exploit this utility in Windows XP, Windows Server 2003 and 2008 as well as Windows Vista and Windows 7.

The patch for this vulnerability will appear in the February security update. Five of the vulnerabilities being patched at the same time allow attackers to effectively hijack a Windows PC and run their own programs on it.

As well as fixing holes in many versions of Windows, the update also tackles bugs in Office XP, Office 2003 and Office 2004 for Apple Macintosh machines.

The bumper update is not the largest that Microsoft has ever released. The security update for October 2009 tackled a total of 34 vulnerabilities. Eight of those updates were rated as critical - the highest level.

In January 2010, Microsoft released an "out of band" patch for a serious vulnerability in Internet Explorer that was being exploited online. The vulnerability was also thought to be the one used to attack Google in China.

Following the attack on Google, many other cyber criminals started seeking ways to exploit the loophole.

Also this week, a security researcher has reported the discovery of a vulnerability in Internet Explorer that allows attackers to view the files held on a victim's machine.

Microsoft has issued a security bulletin about the problem and aims to tackle it at a future date. At the moment there is no evidence that this latest find is being actively exploited online.