Java security issue! Urgent!

From the PCGen BoD:
Attention ALL PCGen users, it is HIGHLY recommended you install the latest version of Oracle’s Java (which as of this post is Java 8 update 51) and remove ALL old versions of Oracle’s Java. This is a very serious security issue with Java as reported in the attached news report links.

http://blog.trendmicro.com/trendlabs-security-intelligence/pawn-storm-update-trend-micro-discovers-new-java-zero-day-exploit/

https://blogs.oracle.com/security/entry/july_2015_critical_patch_update