Latest Java Update Broken; Two New Sandbox Bypass Flaws Found
Found on Threatpost on Friday, 18 January 2013

“We have successfully confirmed that a complete Java security sandbox bypass can be still gained under the recent version of Java 7 Update 11,” Java security researcher Adam Gowdiak of Security Explorations in Poland wrote a short while ago on the Full Disclosure mailing list.
Since then, calls to disable or abandon Java have gotten louder. Experts argue that few websites require the Java browser plug-in at the core of so many security issues, and that users would hardly lose any functionality online without running Java.
Never installed it on my systems. Never missed anything.