How Unpatched Software Affects Your Business

how unpatched software affects your business

In today’s business world, companies are increasingly reliant on third-party applications to help them run their operations and the importance of keeping software up to date becomes increasingly important. However, if these applications are not properly patched, they can pose a serious security risk to the company. In this article, we will discuss how unpatched third-party applications can hurt your business and what you can do to mitigate the risks. 

Some numbers

According to a survey performed by the Ponemon Institute, 57% of respondents who experienced a security breach said the hacks were due to vulnerabilities in unpatched software. 34% of these cybercrime victims were aware of the holes in their software but didn’t patch them in time. In addition to that, according to the research 37% of breach victims don’t perform vulnerability scans. 

The Unpatched Vulnerability Report from Automox 2022 demonstrates that unpatched software is the main reason for 60% of all data breaches in 2022. 

Consequences of unpatched applications: ICRC (Red Cross) Data Breach 

Leaving third-party software unpatched and vulnerable creates serious issues for businesses. Let’s look at the recent data breach in ICRC that occurred this year as an example. 

In 2022, the Red Cross experienced a data breach as a consequence of unpatched applications. The data breach occurred when hackers exploit unpatched vulnerabilities in the ICRC’s systems. The hackers breached the servers of the organization, which hosted the personal information of more than 515,000 vulnerable people globally. The attackers gained access to sensitive information, including names, addresses, and financial information. The ICRC is working with law enforcement to investigate the incident and has notified those who may have been affected. 

The ICRC said hackers were able to gain access to its system by exploiting an unpatched vulnerability. The vulnerability allowed attackers to compromise admin credentials.  

How automated third-party patch management makes your organization more secure 

Organizations are under constant attack from cybercriminals looking to exploit vulnerabilities in software. Automated patching is a critical security measure that helps protect organizations from these attacks. 

Automated patching helps ensure that software is up to date with the latest security fixes. This makes it more difficult for attackers to exploit vulnerabilities in outdated software. Additionally, automated patching can help speed up the process of deploying security updates, which can be crucial in preventing attacks. 

Organizations should consider implementing automated patching to help improve their overall security posture. Patching all software, both internally developed and third-party, on a regular basis is essential to keeping systems secure from attacker exploitation. 

In addition, automated patching can help organizations save time and money by reducing the need for manual patching processes. 

Benefits of automated patching with Scappman  

Automated patching provides many benefits for both IT managers from the internal IT teams and MSPs, including:  

1. Automated patching saves time. Applying patches manually can be time-consuming, especially if there are multiple machines to patch. Automated patching can greatly reduce the amount of time spent patching software. 

2. Automated patching improves security. By applying patches automatically, security holes can be closed more quickly, making it less likely for attackers to exploit them. 

3. Automated patching can reduce downtime. If critical systems need to be patched regularly, automated patching can help minimize downtime by applying patches during off-peak hours. 

That’s why Scappman offers a 100%-cloud third-party application management solution that takes the pain out of manual patching.  

Curious to see Scappman in action? Book a demo or sign up for a 15-day free trial. 

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patch management best practices for msps

Patch Management Best Practices for MSPs

In today’s technology landscape, patch management is more important than ever for Managed Service Providers (MSPs). With the constant stream of new vulnerabilities and exploits being discovered, it is crucial for MSPs to have an effective patch management solution in place. Without a proper patch management solution, MSPs are leaving their clients’ systems open to attack.  It may seem like it is fairly easy to install a few patches to a few devices manually, but in reality, it is not, especially when you have multiple clients. Well, to make this task a bit easier MSPs use RMM that constantly monitors what is going on with the endpoints and applications.   While having an RMM solution (even with patch management functionality) is great, it is not enough for proper patch management.   In this article, we want to share 5 best practices to optimize patch management for you and your clients.  Patch Management Tips for Managed Service Providers Inventory. Being able to implement effective patch management starts with knowing exactly what devices you have. You as an MSP should make sure they have a complete overview of endpoints and software inventory on the regular basis (you can’t fix what you don’t know). This will help you know what needs to be patched and when.  Track patch announcements from vendors. On average, companies have 110 applications in use and the majority of them are from other vendors than Microsoft – Adobe, Google, Amazon, etc. This means that staying on top of the latest update announcements from vendors plays a crucial role in effective patch management. Make sure to subscribe to security mailing lists and RSS feeds from third-party vendors to help ensure that the updates aren’t overlooked. Test patches before deployment. Applying patches does not always solve a problem: there is a risk that some things can go wrong with updating software. This can occasionally happen, even if the vendor extensively tested a patch before the release. Sometimes, the reason for a patch failure is that you install the patch and forget to reboot the system.  A good way to mitigate this problem and not “break everything”, is to test the patch in a controlled environment before pushing it out to all endpoints.  Regular reporting. Providing your customers with reports with patch management information like frequency, history, patch category, and resolution times on a regular basis will help build trust and long-term relationships with your clients. Automate as much as possible. This is perhaps the most important patch management best practice. Using a good third-party patch management tool can enable you to automate your patch management processes. Automating third-party patching can save your organization time and money. By automating the process, you can ensure that all third-party applications are up to date with the latest security patches. Automate third-party patch management of your customers with the right tool = Scappman For automated third-party patch management that is reliable and user-friendly, look no further Scappman. This 100%-cloud solution ingrates with Microsoft Intune and automatically installs all the necessary application updates for your customers.  Scappman allows you to easily keep third-party applications updated across numerous client endpoints, with features like managing custom applications, automated log collection, customizable installation commands, creating a set of reg keys etc.   For MSPs, Scappman provides a complete third-party patch management solution, that allows you to manage all your customers’ apps from one platform with extra functionality:   Multi-tenancy support  Partner Portal (invoicing, inviting customers, pop-up customization…)    Advanced application management (app sets, users & group assignments…).   Furthermore, there are more than 800 third-party applications in Scappman App Store, that are always up to date and secure to use. You can also upload your own application to the platform and manage it like any other application.    If you’re an MSP looking for a cloud third-party patch management solution, try Scappman at no charge – a 15-day free trial is available! 

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