Oracle has released security updates for Java 7 & Java 8. This is the last update for Java 7 so we recommend uninstalling Java 7 and installing Java 8.
If you must use Java it is highly recommended that you install this latest update. Use the Offline download where possible to avoid the prompter asking to install the Ask or McAfee or other adware toolbar. Consider disabling Java in your browser.
If you don’t use Java but have it installed it should be removed.