Veracode Acquires Phylum Tech: A Power Move Against Malicious Software Threats!
Veracode acquires Phylum’s malicious package analysis technology to enhance its ability to detect and block harmful code in open source libraries. This move comes as software supply chain attack damages are projected to triple by 2031. Veracode’s chief product officer claims Phylum’s database detects 60% more malicious packages than competitors.
Hot Take:
Looks like Veracode just went shopping in the cybersecurity aisle and bagged a Phylum of protection! With these new assets, they’ve got more package detection power than a sniffer dog at an airport. Let’s hope this acquisition doesn’t come with any hidden “bugs” in the deal!
Key Points:
- Veracode acquires technology assets and staff from Phylum to boost open-source security.
- The acquisition focuses on malicious package analysis, detection, and mitigation.
- Phylum’s tech enhances Veracode’s software composition analysis capabilities.
- Phylum’s tools offer an instant analysis of newly published packages.
- Financial terms of the acquisition weren’t disclosed.
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