Each hosting account here uses latest versions of cPanel, Php and MySQL.
With each new release of these applications, authors fix bugs, add new features, improve performance, and enhance existing features to stay up to date with new industry standards.
So in other words, when you do not update your software, you are risking your website security and missing out on new features / improvements.
Security is arguably the most important reason why we should keep our server software up to date.
Most of the websites in the world are powered by this software. Due to it’s immense popularity, they are a popular target for hackers, malicious code distributors, data thieves, and wanna be hackers.