Patch Management Statistics


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Patch Management Statistics 2023: Facts about Patch Management outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Patch Management, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Patch Management Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Patch Management Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 67 Patch Management Statistics on this page 🙂

Patch Management “Latest” Statistics

  • 76% of all apps contain one or more security flaws, and only one out of five businesses evaluate their software for security issues.[1]
  • A new Ponemon report on application security trends shows that while 56% of organizations now test for security flaws throughout their application development lifecycles, 20% do not do any testing whatsoever.[1]
  • According to recent research, 80% of public exploits are developed and released before a CVE is published for a targeted vulnerability.[1]
  • For the majority of enterprises, 63% application security testing for bugs often combines a variety of approaches.[1]
  • Among the exploits published after CVE release, 50% were published within the first month of that release.[1]
  • According to the SOSS study, between the organization’s first and latest scan, 73% of vulnerabilities discovered by security testing have been closed or remedied, according to researchers tracking firms’ progress in this area.[1]
  • The recent State of Software Security (SOSS) report from Veracode shows that 76% of all applications have at least one vulnerability.[1]
  • Advertising studies revealed that 84% of businesses have high risk vulnerabilities in their perimeter software and hardware.[1]
  • 99% of the vulnerabilities exploited will continue to be the ones known to security and IT professionals for at least a year.[2]
  • Only 39% of organizations are aware that actual breaches are linked to known vulnerabilities.[3]
  • 82% of employers report a shortage of cybersecurity skills, and 71% believe this talent gap causes direct and measurable damage to their organizations.[4]
  • 92% of online apps have security vulnerabilities or holes that may be exploited.[4]
  • 57% of cyberattack victims stated that applying a patch would have prevented the attack.[4]
  • 59% of businesses who experienced their first software supply chain assault lacked a reaction plan.[5]
  • 36% of these servers were located in the united states, while 24% were located in other countries.[5]
  • Due to a surge in backdoors, spyware, information thieves, and miner backdoors, overall business malware detections increased 79% from 2017 to 2018.[5]
  • Phishing domains with enticing catchphrases intended to dupe customers are now growing from 33% in 2019 and 58% in Q2 2020.[5]
  • Phishing was the second most popular infection vector utilized in 33% of assaults, a minor increase of 31% from 2019, indicating that attackers are keeping up with the development of new attack methods and countermeasures against phishing.[5]
  • In 2019, there was a 41% rise in ransomware assaults, and 205,000 firms lost access to their assets.[5]
  • According to recent machine learning data, 80% of businesses want to employ AI in the near future.[5]
  • Security Driven AI had best cost mitigation, saving up to $3.81 million (80% cost difference).[5]
  • By lowering tech time and enhancing threat detection with machine learning, security automation and AI may save firms more than 80% of the cost of manual protection.[5]
  • According to some statistics, there is a 47% likelihood of breaches involving personal data and a 31% chance involving credentials.[5]
  • According to studies, supply chain assaults increased by 42% in the US during the first quarter of 2021, affecting up to seven million individuals.[5]
  • The market for advanced persistent threat defense is anticipated to grow at a CAGR of 18.2% over the course of the forecast period, reaching $9.6 billion in 2026.[5]
  • Misconfiguration of the cloud platform was regarded as the top security risk to public clouds (68%).[5]
  • The price of an Android exploit chain increased 1150% over the last 3 years from $200,000 to $2.5 million.[5]
  • The ecommerce industry in Brazil had the highest assaults during the fourth quarter, accounting for 45% of the quarterly volume of phishing.[5]
  • With 44% of its population utilizing a VPN, Indonesia was the largest market for VPN use in 2021.[5]
  • In all, there were 55% more spear phishing attacks targeting workers, accounting for 71% of all targeted attacks on firms.[5]
  • Threat actors’ top two reasons for executing a spear phishing assault are disruption (10%) and financial gain (6%).[5]
  • The top suggestions for implementing zero trust are to continually check access (49%), regularly monitoring user access and privilege (48%).[5]
  • Training to gauge employee behavior and preparedness for an attack, 32% of small organizations have run phishing tests.[5]
  • Threat actors’ primary targets were US firms, who were the victims of 84% of all phishing assaults in 2018.[5]
  • Almost half of those who use VPNs do so for general security, while another 40% do so for general privacy, according to a VPN use study.[5]
  • Web application attack campaigns have increased in length by 44% over the last report’s time frame.[5]
  • Attackers focused on suppliers’ codes when taking into account targeted assets in 66% of incidents in order to further compromise targeted customers.[5]
  • Whether the advantages of working remotely outweigh the drawbacks 92% of respondents said that they do.[5]
  • Broken access control and injection attacks accounted for more than 75% of web application assaults, even while requests for web applications increased by 88%.[5]
  • WordPress is the tech powering 43.2% of websites on the web in 2021, this is up from 39.5% at the end of 2020.[5]
  • Worldwide spending is projected to reach $170 billion this year, increasing to $233 million by 2025, achieving an 11% CAGR.[5]
  • 80% of enterprise applications have at least one unpatched vulnerability in them, according research by Veracode.[6]
  • According to BitSight, there are about 800,000 systems that are still vulnerable to BlueKeep and have not received a patch as of July.[6]
  • A definite majority patching is seen by 71% of IT and security experts as being unnecessarily complicated, time.[7]
  • 53% responded that organizing and prioritizing significant vulnerabilities and sending fixes for failed patches took up the majority of their work, 15% of testers are testing fixes, and 10% are liaising with other departments.[7]
  • 57% of those same experts claim that dispersed workplaces and remote work make tough tasks increasingly harder.[7]
  • According to the Institute for Security and Technology, the number of people compelled to pay a ransom rose by more than 30% between 2019 and 2020.[7]
  • The many difficulties it and security teams experience while patching might be the reason why 49% of IT and security professionals feel that their company’s existing patch management practices don’t effectively reduce risk.[7]
  • In the previous 12 months, 14% of the firms surveyed suffered financial losses to their company that might have been averted with better patch management, according to the poll.[7]
  • 74% of businesses claim they just can’t patch quickly enough since the average patching time, according to Ponemon, is 102 days.[8]
  • The Ponemon Institute reports that 34% of people who were victims of cyberattacks were aware of the vulnerability but had not taken any action, and 57% of those victims said that their breaches might have been avoided by applying a patch that was already available.[8]
  • Veracode’s 2021 report revealed an unsettling finding after a year and a half, almost 27% of defects are remained unfixed.[9]
  • According to a Palo Alto Networks research released in august 2020, 80% of investigated vulnerabilities were made public before their associated CVEs were ever released.[9]
  • A 2019 Ponemon Institute vulnerability survey found that 60% of breach victims indicated they were compromised because a known vulnerability went unpatched and the patch was not implemented.[9]
  • According to a survey by Fortune Business Insights, the market for information security is anticipated to reach $366.1 billion dollars by the year 2028.[9]
  • 18% of assaults made use of flaws that had been publicly published in 2013 or earlier, making them at least seven years old.[9]
  • Alarmingly, according to a different report by Positive Technologies, 84% of businesses have high risk vulnerabilities on their external networks.[9]
  • Hacker One research found that cross-site scripting (XSS) weaknesses were the most common type of vulnerability in 2020, accounting for 23% of all reports.[9]
  • According to research by Positive Technologies, 26% of businesses are still susceptible to the WannaCry ransomware since they have not yet fixed the vulnerability it uses.[9]
  • The lowest percentage of medium high or critical risk vulnerabilities was seen in smaller businesses with 100 or less workers, at 5% overall.[9]
  • Remote access exposures across the attack surface are a worrying trend, and remote desktop services accounted for 30% of total exposures in 2021.[10]
  • According to Forbes, 86.3% of all vulnerabilities discovered across the “full stack” would also have resulted in a payment card industry (PCI) compliance failure, which can cause a huge problem for e-commerce businesses, assuming they process payment cards.[10]
  • Patching often takes a second place to other duties, according to 62% of respondents, and users’ productivity is disrupted by patching, according to 60%.[11]
  • 61% of IT and security professionals said that line of business owners ask for exceptions or push back maintenance windows once a quarter because their systems cannot be brought down.[11]
  • 57% of respondents said that the complexity and scope of patch management had risen as a result of remote work.[11]
  • The WannaCry ransomware attack, which encrypted an estimated 200,000 computers in 150 countries, remains a prime example of the severe repercussions that can occur when patches are not promptly applied.[11]
  • During the projected period, it is anticipated that the size of the worldwide patch management market will increase from $589 million in 2019 to $979 million by 2024, at a compound annual growth rate CAGR of 10.7%.[12]

Also Read

How Useful is Patch Management

The term “patch management” refers to the process of updating and maintaining software with security patches and fixes that vendors release to address vulnerabilities and shortcomings in their products. These patches are crucial in preventing cyberattacks, data breaches, and other security incidents that can have devastating consequences for businesses and their customers.

One of the main benefits of patch management is that it helps to minimize the attack surface of software and systems. By regularly applying patches, organizations can reduce the number of known vulnerabilities that cybercriminals can exploit to gain unauthorized access to their networks and data.

Furthermore, patch management is essential for ensuring compliance with industry regulations and standards. Many regulatory bodies, such as PCI DSS and HIPAA, require organizations to implement a comprehensive patch management program to protect sensitive information and prevent security breaches. Failure to comply with these regulations can result in hefty fines, legal action, and damage to the organization’s reputation.

Another important aspect of patch management is the timely detection and remediation of vulnerabilities. Cyber threats are constantly evolving, and new vulnerabilities are being discovered all the time. By staying current with patches and updates, organizations can stay ahead of the curve and protect themselves from emerging threats before they can be exploited.

Moreover, patch management can also improve the overall performance and stability of software and systems. Patches often include performance enhancements, bug fixes, and other improvements that can help to optimize the efficiency and reliability of applications and devices, ultimately leading to a better user experience.

Despite the clear benefits of patch management, many organizations struggle to effectively implement and maintain a robust patch management program. This is often due to a lack of resources, knowledge, or awareness of the importance of patching.

To address these challenges, organizations should prioritize patch management as a critical component of their overall cybersecurity strategy. This includes establishing clear policies and procedures for patching, dedicating resources to monitor and apply updates, and regular auditing and testing of systems to ensure compliance with patching schedules.

Overall, patch management is a vital tool for bolstering the security posture of organizations and safeguarding against cyber threats. By proactively addressing vulnerabilities and staying current with patches, businesses can reduce the risk of data breaches, improve regulatory compliance, and enhance the overall resilience of their IT infrastructure. It is crucial for organizations to recognize the value of patch management and invest in it as a fundamental aspect of their cybersecurity strategy.

Reference

  1. bitdefender – https://businessinsights.bitdefender.com/10-stats-on-the-state-of-vulnerabilities-and-exploits
  2. comtact – https://comtact.co.uk/why-is-security-patch-management-so-important/
  3. heimdalsecurity – https://heimdalsecurity.com/blog/software-patching-statistics-practices-vulnerabilities/
  4. itsupportguys – https://itsupportguys.com/it-blog/importance-of-patch-management-to-avoid-business-vulnerabilities/
  5. purplesec – https://purplesec.us/resources/cyber-security-statistics/
  6. threatpost – https://threatpost.com/how-to-handle-patch-management/147909/
  7. venturebeat – https://venturebeat.com/security/why-enterprise-patch-management-pains-are-cybercriminals-gain/
  8. cnp – https://www.cnp.net/patching-best-practices/
  9. comparitech – https://www.comparitech.com/blog/information-security/cybersecurity-vulnerability-statistics/
  10. forbes – https://www.forbes.com/sites/forbestechcouncil/2022/03/14/cyber-vulnerability-statistics—2021-in-review/
  11. ivanti – https://www.ivanti.com/company/press-releases/2021/71-of-it-security-pros-find-patching-to-be-overly-complex-and-time-consuming-ivanti-study-confirms
  12. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/patch-management-market-19425013.html

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