Yes, it is another scare, but it has fact behind it. Hackers can exploit vulnerabilities in Java, just as they can exploit vulnerabilities in browsers.
Internet security is a battlefield, and software developers are on a constant state of alert. Oracle will fix the problem - they must, because millions of people will find that if they disable java in their browsers hundreds of thousands of websites will not function properly.
"If I do get a site I wish to view that will not function without java and they are very few.I use IE9 to open it."
Perhaps you don't visit many interactive websites?
Before a sense of panic takes over I think it's worth pointing out that the most likely way for you to be vulnerable to an attack is when you visit a website that has been specifically set up by a hackers with malicious code that takes advantage of a java security hole.
The way that you might be tempted to visit such a site is via a hyperlink in a malicious email or newsletter. Hackers recently used an email that purported to come from Microsoft, but was in fact a butchered version of a real Microsoft email.
(like pencils and pencil skirts)
Java is used to write applications, which are programs that run in the OS and are safe and have nothing to do with the current scare. Java is also used to write applets, which are programs that run within a browser. The security container for applets has been breached by hackers. You want to turn off Java applets in your browser.
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