Your software is only as good as its last patch. Some companies make the mistake of not upgrading software because it is still functional. However, outdated software can lead to security risks, data loss, compliance issues, and cost you more in the long run.
Implications of using outdated software
Security implications
Using outdated software have severe security implications, such as:
No longer receiving security patches from vendors, opening your system to known exploits.
Risk of reverse-engineered software and exploit code, making it easier for cyber criminals to compromise your system.
Compatibility issues with other software and hardware, leading to data loss or corruption.
Violation of your organization's security policies, hindering a secure future and operational excellence.
Privacy implications
When software is no longer supported by its vendor and contains sensitive information, you could be at risk of receiving a data privacy fine.
U.S. CASE STUDY: the Federal Trade Commission (FTC) is taking action against Chegg Inc. for failing to patch vulnerabilities that exposed sensitive information from millions of its customers and employees (such as Social Security numbers, email addresses, and passwords). Chegg alleges it could not address problems despite four security breaches over a five-year period.
FTC's proposed order: the company must immediately address vulnerabilities and take additional steps, such as limit the amount of data it can collect and retain, provide users with multifactor authentication to secure their accounts, and allow users to access and delete their data.*
Productivity implications
Outdated software has severe productivity implications for business. When software runs slowly, crashes frequently, or is otherwise difficult to use, it frustrates employees and disrupts workflows, leading to poor customer experiences and damaging a company's reputation and bottom line.
Solution
You’ve already taken the first step toward securing your company by recognizing the dangers of using outdated software. Sydow Inc will help you identify outdated software and hardware, keep you up-to-date on the latest security threats, and show you how to mitigate them. We will also update your systems to the latest versions to ensure the best possible protection. Contact us for a consultation!
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You can learn more by downloading our infographic "What Does End of Support Mean for Your Business?".
Source:
* www.ftc.gov