The Critical Imperative of Patching Software

The security of our systems and data is of paramount importance. Cyber threats continue to evolve, becoming more sophisticated and prevalent than ever before. The critical nature of patching and staying current on software versions must be balanced. In this blog, we will explore the significance of timely patching, supported by relevant statistics, and discuss how a Managed Service Provider (MSP) can play a pivotal role in enhancing cyber hygiene.

The Patching Imperative 

• Addressing Vulnerabilities: Cyber attackers often exploit software vulnerabilities to gain unauthorized access or execute malicious activities. Timely patching is the primary line of defense against such exploits, closing the door on potential security breaches.
• Protecting Against Exploits: The digital realm is rife with cyber threats, and attackers are quick to capitalize on vulnerabilities. According to the National Vulnerability Database (NVD), the number of reported vulnerabilities continues to rise annually, emphasizing the urgency of staying ahead through robust patching practices.
• Mitigating Risks: Unpatched systems pose significant risks, as cybercriminals frequently target known vulnerabilities. The longer a system remains unpatched, the higher the risk of falling victim to attacks. The Verizon Data Breach Investigations Report (DBIR) consistently highlights the role of unpatched systems in data incidents.

The Role of Managed Service Providers (MSPs)

• Proactive Monitoring: MSPs excel in proactive monitoring of systems and networks. Through continuous monitoring, they can identify vulnerabilities and apply patches swiftly, reducing the window of opportunity for potential attackers.
• Automated Patch Management: MSPs leverage automated patch management tools to streamline the process of identifying, testing, and deploying patches. This not only ensures efficiency but also reduces the chances of human error in the patching process.
• Comprehensive Security Measures: MSPs offer a holistic approach to cybersecurity, combining patching with other security measures such as intrusion detection, firewalls, and regular security audits. This comprehensive strategy enhances overall cyber hygiene and reduces the likelihood of successful attacks.

Statistics That Reinforce the Importance of Patching 

1. According to Accenture’s 2022 Cyber Threatscape Report, 85% of successful cyberattacks exploit known vulnerabilities for which patches are available.
2. The Ponemon Institute’s Cost of Cybercrime Study reveals that the average cost of a data breach is significantly lower for organizations with a robust patch management strategy.
3. The Cybersecurity & Infrastructure Security Agency (CISA) highlights that the majority of ransomware attacks are successful due to unpatched vulnerabilities.

The critical nature of patching and staying current on software versions cannot be overstated in today’s cybersecurity landscape. Timely patching is a proactive approach to cybersecurity, mitigating risks and fortifying defenses against evolving threats. Managed Service Providers play a crucial role in managing and maintaining this aspect of cyber hygiene, offering organizations a comprehensive solution to stay ahead of potential threats. By integrating automated patch management and continuous monitoring, MSPs contribute significantly to the overall resilience of digital ecosystems.

References

1. Accenture. “2022 Cyber Threatscape Report.”
2. Ponemon Institute. “Cost of Cybercrime Study.”
3. Cybersecurity & Infrastructure Security Agency (CISA). “Ransomware Guidance and Resources.”