JANUARY 20, 2013
According to two security firms, Trend Micro and Immunity Inc., the most recently discovered Java exploit (the one that hit the headlines on Jan 10) was due to two vulnerabilities in Java. The most recent patch issued by Oracle on Jan 14 (Java 7u11, Java 6u37, Java 5u38, and Java 4u40) patched only one of the vulnerabilities. Both firms independently came to this conclusion (meaning they both studied the patch and figured this out)
xenopeek wrote:Its applicable if you have installed Oracle Java. By default Linux Mint Main Edition comes with OpenJDK
Java 7 and OpenJDK share a lot of common code, so, as a general rule, security issues in Java 7 also apply to OpenJDK. In that specific case, it seems that the vulnerability was reported in the Debian OpenJDK package, so yes, they are vulnerable. See this question on another stackexchange site.
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