Posted January 14, 2013 by Karen Kinsey in Technology

Emergency Update of Java is Required Says Oracle Corporation (NASDAQ:ORCL)

Northern, WI 1/14/2013 (avauncer) - Even after Oracle Corporation (NASDAQ:ORCL) made an emergency update in the widely used software, Java, experts hold their views of the software being unsafe for users. The US government announced that he software had many bugs that would put PC holders at the risk of being hacked. Java security expert Adam Gowdiak who has pointed out many bugs in the software reported that the latest updates have failed at correcting many security flaws in the software.

In a blog post, Oracle Corporation (NASDAQ:ORCL) mentioned that two threats have been corrected for the users of the Java 7 program. The post also mentioned that the security settings have been set to high by default to ensure that suspicious programs do not run without the knowledge of the PC owners.  According to analysts, over 1 billion users make use of this program that allows users to write software that can run on any operating system. The software is used on internet browsers to access content on the web and also on PCs and a variety of systems to run different computer programs

According to the department of homeland security and computer security experts, the bug in this software is being exploited by hackers who have learnt to use it to their advantages. Crimes ranging from identity theft to inclusion of infected computers on ad hoc networks. Oracle Corporation (NASDAQ:ORCL) mentioned that the bugs only affect the recently introduced Java 7 version and other versions that are used on browsers.

Reports by Kaspersky Lab show that Java has overtaken Adobe Systems Incorporated (NASDAQ:ADBE) Reader software to become the world’s most attacked software. The bug has provided hackers access to install malicious programs of PCs as well as computer networks. In the last one year 50 percent of cyber attacks have been the result of easy access provided by the bugs to hackers across the world. Following Oracle Corporation (NASDAQ:ORCL) is Adobe reader which accounted for 28 percent of the attacks.  According to the Department of Homeland Securities, the bugs allowed hackers to lure users to websites that could infect their computers with specific programs. Users would visit this website that they had viewed in the past unaware of the changes made by hackers.

In addition to creating such websites, hackers can also introduce such malicious content into legitimate websites. Java has been under the scanner since August when a security threat forced security experts to advise the use of the software on a as-required basis.

The shares of Adobe Systems Incorporated (NASDAQ:ADBE) were down by -1.37% and closed at $38.09

The shares of Oracle Corporation (NASDAQ:ORCL)   were down by -0.14% and closed at $34.86.

Karen Kinsey

Karen Kinsey with a degree in journalism. She ended up going into the education field and has been a teacher for the past six years. Karen Kinsey is a television producer, writer, editor, professor, wife, mother, sister, daughter, friend and longtime, diehard Phillies fan. Karen Kinsey writings have been featured in such mainstream media as The Guardian, USA Today, Global Times, China Daily, Beijing Review, among others.