Veracode’s Bold Move: Acquires Phylum’s Tech to Combat Soaring Software Supply Chain Threats
Veracode acquires Phylum’s malicious package analysis and detection technology to boost its open-source defense game. As software supply chain attacks are projected to cost a whopping $138 billion by 2031, Veracode is gearing up to stop baddies in their tracks, integrating Phylum’s tech into its arsenal.
Hot Take:
Veracode is on a shopping spree, and it looks like they’re buying the whole security buffet! With their latest acquisition, they seem to be on a mission to make the open-source ecosystem as safe as a padded room. Let’s hope they don’t get indigestion from all these integrations!
Key Points:
- Veracode acquires key assets from Phylum, a startup in the software supply chain sector.
- Phylum’s technology focuses on malicious package analysis, detection, and mitigation.
- Software supply chain attacks are expected to triple in cost by 2031.
- The integration of Phylum’s tech into Veracode’s SCA product is set for early this year.
- This acquisition marks Veracode’s second in under a year.
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