There are always are risks when exposing a machine to a network, of course but the particular risk for you is that it is possible for the machine to download malware and such. If it becomes a zombie it could do bad things in an automated fashion. THese are but a couple. If your needs are very vertical and you know you only want the box to fetch updates via http from a few known ip addresses, then it is a simple matter to restrict your host to only get http from a those hosts.
HTH
-pls rate if helpful