The acquisition of Phylum's technology by Veracode marks a crucial step in enhancing application security, specifically in identifying and mitigating malicious packages in software supply chains.
Veracode's integration of Phylum's capabilities aims to significantly reduce the risk of data breaches by analyzing newly published packages in mere seconds, which is essential to prevent potential cyber attacks.
As the threat landscape evolves, the acquisition is positioned to improve real-time threat identification, addressing projected global damages to software supply chains that are set to rise from $46 billion to $138 billion.
Phylum's specialized database of malicious packages and automated analysis tools are intended to enhance Veracode's Software Composition Analysis, providing customers with comprehensive insights into open-source code risks.
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