Neglecting risk-based patch prioritization leads to wasteful resource allocation and sluggish responses. Any procrastination on the part of organizations to address critical software vulnerabilities allows these exploitable vulnerabilities to persist within systems, creating openings for cyber attackers to strike. Similarly, disregarding well-known weaknesses in outdated Internet of Things (IoT) devices within corporate networks exposes organizations to threats like network breaches, Distributed Denial of Service (DDoS) attacks, or botnet activities.<\/span><\/p>With organizations juggling multiple priorities, delays in patching vulnerabilities enables successful malware attacks that can access, manipulate, or even erase data. This can cause financial losses and reputational damage to the organization compromised.<\/span><\/p>For instance, <\/span>Equifax, <\/b>one of the largest credit reporting agencies, suffered a massive data breach in 2017 due to a failure in patch management. The breach exposed personal information, including Social Security numbers and financial data, of approximately 147 million consumers. The attackers exploited a known vulnerability in the Apache Struts web application framework that Equifax had failed to patch in a timely manner. The breach not only resulted in significant financial losses for Equifax but also eroded consumer trust and led to legal and regulatory consequences.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t
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Securin\u2019s Recommended Best Practice:<\/strong>\u00a0 Implement a smart patching prioritization process based on vulnerability threat associations, asset location, exploit potential, and other factors. This will help to promptly address critical vulnerabilities specific to an organization and prevent exploitation due to neglect. Organizations should also consider partnering with a managed cybersecurity services provider to ensure expert guidance.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t