Equifax estimates the costs associated with a 2017 security breach will exceed $600 million. And it is not just Equifax that has suffered a tremendous financial hit. Dozens of other organizations have lost more than$100 million in revenue over the past year due to outdated software.

According to Gartner, 99% of vulnerabilities exploited are not zero-days. Instead, they are vulnerabilities that were known for at least one year. In fact, most IT infrastructures include legacy platforms, unpatched software, outdated third-party components, and poor patch management processes. It is much easier for bad guys to find unpatched applications than to discover a zero-day vulnerability.

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