Quote:
Originally Posted by pilotbob
This fixes a long existing bug in the SSL encryption stuff in your Mac. If you don't update you run the risk of someone being able to hyjack your web traffic even if you are attaching using https.
http://support.apple.com/kb/DL1725
You should upgrade.
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As with any popup, however, go to the source to upgrade, don't just click on any old popup and give it your admin password. Most actual security issues are caused by social engineering (convincing you to give malware privileges), not by system vulnerabilities.