No software system is immune to bugs and vulnerabilities. Security holes will be discovered and bad guys will do their best to exploit them. Keeping your software up-to-date is a good way to stave off attacks, because reliable software vendors will fix their products once security holes are found.
For web-based software, staying on top of updates is a must. Fortunately, keeping your WordPress site up-to-date is one of the easiest things you can do. For the last few versions, WordPress has included the ability to install automatic updates. Not only that, but sites are notified every time a new upgrade becomes available.
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