FireEye Research Labs identified a new Internet Explorer (IE) zero-day exploit used in targeted attacks. The vulnerability affects IE6 through IE11, but the attack is targeting IE9 through IE11. This zero-day bypasses both ASLR and DEP. Microsoft has assigned CVE-2014-1776 to the vulnerability and released security advisory to track this issue.
Pretty decent write up here.
Anyway, the fineprint from FireEye,
Using EMET may break the exploit in your environment and prevent it from successfully controlling your computer. EMET versions 4.1 and 5.0 break (and/or detect) the exploit in our tests.
Enhanced Protected Mode in IE breaks the exploit in our tests. EPM was introduced in IE10.
Additionally, the attack will not work without Adobe Flash. Disabling the Flash plugin within IE will prevent the exploit from functioning.