security patch
Definition
A security patch is a software update that fixes a known vulnerability or weakness in a program that hackers could exploit to gain unauthorized access to your systems or data. Software companies release these fixes when they discover flaws, and installing them promptly is one of the most basic ways to protect your business from cyberattacks.
Example
If your point-of-sale software company sends an urgent update saying it closes a loophole that criminals were using to steal customer credit card numbers, that update is a security patch.
Watch Out
Many data breach lawsuits and regulatory fines happen because a business failed to install available security patches in a reasonable amount of time, so courts and regulators can treat ignoring these updates as negligence.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.