Veracode Targets Malicious Code Threats with Phylum Acquisition

Summary: Veracode has acquired key assets from Phylum to enhance its capabilities in detecting and mitigating malicious code in open-source libraries. This acquisition aims to strengthen Veracode’s software supply chain security amidst rising costs of supply chain attacks.

Threat Actor: Software Supply Chain Attackers | software supply chain attackers
Victim: Software Supply Chain | software supply chain

Key Point :

• Veracode’s acquisition of Phylum includes malicious package analysis and detection technology.
• The integration of Phylum’s technology into Veracode’s SCA product is expected to enhance real-time threat prevention.
• Software supply chain attack costs are projected to triple from $46 billion in 2023 to $138 billion by 2031.
• This is Veracode’s second acquisition in less than a year, following the purchase of Longbow Security.