It's no secret that Internet Explorer is filled with security holes. While 
Internet Explorer 7, 8 is a huge improvement over it's predecessor but it still 
is no where near as secure as Firefox.

When it comes to patching vulnerabilities found, Microsoft has been notorious 
for not releasing patches in a timely fashion. According to the Washington 
Post, Internet Explorer was known to have exploit code for unpatched critical 
flaws for 284 days of 2006. The article goes on to compare this with 9 days for 
Mozilla Firefox. 

If you are still not convinced , read through this article:

http://en.wikipedia.org/wiki/Criticism_of_Internet_Explorer

 

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