Work around

Open File: (Windows) C:\Program Files (x86)\Java\jre7\lib\security\java.security

(Linux) /usr/java/jre1.7.0_45/lib/security/java.security

Comment Out:

jdk.certpath.disabledAlgorithms=MD2, RSA keySize < 1024

Or the below line if it exists.

jdk.certpath.disabledAlgorithms=MD2, RSA keySize < 2048

Example: # jdk.certpath.disabledAlgorithms=MD2, RSA keySize < 1024

Save the file and try launching the app again