Today I updated my Java version to 7u51. After the installation, I cleared Java Cache, browser\'s Cache, and logged into a secure website that uses an Applet to provide cert
I know Mickey S. solved his issue with Java 8, but Pavel S. was on to something. If you're working locally with an applet, setting your Intranet Zone to Low security and then setting Java security in Control Panel -> Java -> Security setting to Medium from High does solve the problem of running local applets with Java 7u51 (and u55) on Win 7 with IE 11.
(Specifically, I have a little test tool for barcode generation from IDAutomation that is crafted as an applet which wouldn't work on the above config, until I performed the listed steps.)