Google is calling this a "zero-day" vulnerability, meaning that the bad guys figured out how to exploit it before the good guys were able to find and patch it. If you don't see this button, you're on the latest version.
They didn't come right out and say that the exploit is being actively used by attackers, but judging by the barrage of calls by Google' security employees and bosses to users to update their browsers, it sure seems like it might be, and widely.
Although the auto-update feature in Chrome installs the new code, it does not mean that the effects are also enforced.
Google has said that the latest version of Chrome available right now is 72.0.3626.121 and users are advised to download the patch as soon as possible.
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Schuh made the suggestion on Twitter, in which he pointed to a recent update to Chrome's Stable Channel for desktop systems.
The two zero-days were part of ongoing cyber-attacks that Clement Lecigne, a member of Google's Threat Analysis Group, discovered last week on February 27. If the update hasn't already rolled out to you, you should manually check for it.
Google Chrome updates are usually automatic, however they don't always roll out to everyone, all at once. At this point, details of the vulnerability are scant, as Google said it's restricting access to bug details until a majority of users have installed the update. The company's original changelog was intentionally missing any information about the vulnerability as the company was waiting for the users to apply the update. "We will also retain restrictions if the bug exists in a third party library that other projects similarly depend on, but haven't yet fixed".