How important are patches and updates?

Very.

Regular vendor updates to patch software flaws that could be or are being exploited by threat actors – such as Microsoft’s Patch Tuesday – are essential to everyone’s cyber security.

Google is going to issue updates for its Chrome browser weekly.

Google to fight hackers with weekly Chrome security updates – BleepingComputer

Your takeaway from – get those patches done and check your team does it as well.

Further Reading