The document discusses security threats to Flash and Flex applications, such as decompiling SWF files to modify code, cross-scripting attacks by injecting malicious scripts into Flex applications, and ways developers can help prevent these attacks like using code obfuscation, restricting cross-domain policies, and sanitizing user input to remove dangerous HTML tags and scripts. It provides examples of how attackers can exploit applications and recommendations for setting security permissions and validating input to avoid vulnerabilities.