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I'm typically skeptical of these, but this one seems legit - and if executed has the potential to be very bad:
Full article here.
If you are concerned (and IMO, you should be), a temporary fix would be to turn Java off in the browser of your choice. Although some sites launch Java applets, they should be relatively few (don't confuse Javascript with Java). So for many of you, there will be little impact to your day-to-day web browsing in turning off Java.
Several Mac security companies, Intego and SecureMac, have issued warnings related to an unpatched Java vulnerability that affects OS X. The flaw could be exploited to allow local code to be executed remotely, leaving the computer open to "drive-by-attacks" which can install malicious software just by loading a website containing a specially crafted Java applet. Hackers could also access or delete files on a system.
Full article here.
If you are concerned (and IMO, you should be), a temporary fix would be to turn Java off in the browser of your choice. Although some sites launch Java applets, they should be relatively few (don't confuse Javascript with Java). So for many of you, there will be little impact to your day-to-day web browsing in turning off Java.