Vulnerability reported in Sun Java Web Start System

Remote attackers can exploit the vulnerability identified in Java Web Start and as a result take control over the system. Caused as a result of unspecified error while using system classes unknown applications might be able to read and write local files with privileges of user running the Java Web Start application. It can be both locally and remotely exploited and comes under the category of high risk.
The following products have been affected as a result of the vulnerability:
Sun JDK version 5.0 Update 10 and prior
Sun JRE version 5.0 Update 10 and prior
Sun SDK version 1.4.2_13 and prior
Sun JRE version 1.4.2_13 and prior
One needs to either upgrade to SDK or JRE 1.4.2_14 or JDK or JRE 5.0 Update 11 as a solution for this problem.