What is the importance of patch management in reducing cybersecurity risks?

Patch management is considered a critical factor in reducing cybersecurity risks because it involves identifying, acquiring, testing, and installing patches (code changes) to address vulnerabilities in software systems. Software vulnerabilities can be exploited by cyber attackers to gain unauthorized access, steal data, disrupt operations, or cause other malicious activities. By regularly applying patches, organizations can close these security gaps and protect their systems from known vulnerabilities. Failure to effectively manage patches can leave systems exposed to potential attacks, making patch management a critical element of a comprehensive cybersecurity strategy.