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I still use ML without issues. Yes, I'm missing out on new security features, but at least ML got its last security update only several months ago. Heck, I still use Snow Leopard on my MBP.

But it's true ML, and other older OS' are vulnerable to newer attacks. A couple of things we can do to reduce (not prevent all, unfortunately) attacks are:

1. Use a web browser that is supported - Firefox and Chrome. Unfortunately Chrome's support for ML will be ending soon.

2. Keep your apps up to date.
 
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