1. Cisco Systems, Inc. (2011). Cisco Guide to Harden Cisco IOS Devices. Section: "Keep System Software Up-to-Date". This official guide states, "One of the first lines of defense against network intrusions is to keep system software up-to-date. This is because most advisories that are published by Cisco’s Product Security Incident Response Team (PSIRT) are fixed in later software versions." This directly supports that updates are for fixing known security issues.
2. National Institute of Standards and Technology (NIST). (2013). Special Publication 800-40 Revision 3: Guide to Enterprise Patch Management Technologies. Section 2.1, "The Need for Patch Management," page 2-1. The document explicitly states, "Flaw remediation is the most common driver for patch management... Patches are the primary method of fixing security vulnerabilities in software."
3. Cisco Systems, Inc. Cisco Security Advisories. The purpose of this official vendor resource is to "provide information about security vulnerabilities in Cisco products and a way to fix them," reinforcing that the primary goal of the updates detailed in advisories is to patch security flaws. The existence and purpose of this entire publication system validate option A.