Uninstall the current version of JAVA, then install the latest version off the net, that should fix the error.
The error that is show doesn't stop Java from working, so you can disable it if you want by:
1. Go to Start -> Control Panel
2. Double click on the Java icon
3. Go to Update tab in the window that pops up
4. Uncheck “Check for updates automatically”
5. From the message box that loads select either “monthly” or “never” according to what you have decided to do with the process.
6. Click on “Apply”
7. Close Windows and Restart System