Information Risk

Patching is a process in software development and ongoing maintenance where updates are applied to software to fix problems with the original code such as fixing vulnerabilities, improving functionality, or to enhance performance and speed. These updates, known as patches, are essential for maintaining the security and efficiency of software systems. Further reading Patching - Wikipedia

Value at Risk (VaR) is a statistical measure used to estimate the potential loss of an asset, portfolio, or investment over a specified time period at a given confidence level under normal market conditions. VaR can be used in risk management for risk measurement and assessment. Related pages FAIR, a technique used for cybersecurity and operational risk loss event measurement