EXCEPTION_ACCESS_VIOLATION on Launcher

Running the Minecraft Launcher 1.5.3, fatal error occurs:

Pressing Play, Launcher starts:

Log:
...........
[10:36:25] [Client thread/INFO]: LWJGL Version: 2.9.1
[10:36:26] [Client thread/INFO]: Reloading ResourceManager: Default
[10:36:27] [Sound Library Loader/INFO]: Starting up SoundSystem...
[10:36:27] [Client thread/WARN]: File minecraft:sounds/mob/ghast/fireball.ogg does not exist, cannot add it to event minecraft:item.fireCharge.use
[10:36:28] [Thread-6/INFO]: Initializing LWJGL OpenAL
[10:36:28] [Thread-6/INFO]: (The LWJGL binding of OpenAL. For more information, see http://www.lwjgl.org)
[10:36:28] [Thread-6/INFO]: OpenAL initialized.
[10:36:28] [Sound Library Loader/INFO]: Sound engine started
[10:36:31] [Client thread/INFO]: Created: 512x512 textures-atlas
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1. A fatal error has been detected by the Java Runtime Environment:

2. EXCEPTION_ACCESS_VIOLATION (0xc0000005) at pc=0x2b833e88, pid=3100, tid=1956

3. JRE version: Java(TM) SE Runtime Environment (7.0_67-b01) (build 1.7.0_67-b01)

4. Java VM: Java HotSpot(TM) Client VM (24.65-b04 mixed mode windows-x86 )

5. Problematic frame:

6. C [ig4dev32.dll+0x3e88]

7. Failed to write core dump. Minidumps are not enabled by default on client versions of Windows

8. An error report file with more information is saved as:

9. C:\Users\xyz\AppData\Roaming\.minecraft\hs_err_pid3100.log
   AL lib: (EE) alc_cleanup: 1 device not close