The acronym CVE stands for Common Vulnerabilities and Exposures, which is a reference system used in cybersecurity. It provides a standardized method for identifying and cataloging security vulnerabilities in software and hardware. Each CVE entry includes a unique identifier, a description of the vulnerability, and references to additional information. This standardized approach helps organizations benchmark their security measures, prioritize vulnerabilities for remediation, and improve overall cybersecurity posture through efficient communication in the security community.