ICQ 7 isn't even out yet. You're probably referring to ICQ Lite.
Every software has its problems and ICQ surely isn't exempt from them. I am however not aware of any severe security relevant issues with ICQ Lite, which is also currently only available for russian users.
When it's out, ICQ 7 will be available at http://www.icq.com/download/icq7/
It is really empty in here. Help this project by signing up and invite your friends.
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