The flaw is limited to JDK7. It does not exist in other releases of Java, and does not affect Java applications directly installed and running on servers, desktops, laptops, and other devices. A fix will be available shortly."
If you are finding a need to use Java, you will have to update to JRE
7u10 ... Java SE Downloads
- Scroll over to the right (JRE)
I believe there is a new update available soon.
Also! Uninstall all old/previous versions of java before updating