Veracode has announced the acquisition of Phylum, Inc.'s automated malicious code detection software, a move aimed at enhancing its software risk management platform. This acquisition is expected to strengthen Veracode's capabilities in protecting against malicious open-source code, thereby improving supply chain security and managing application risks. Phylum's technology has previously identified 2,499 open-source software packages targeting finance and cryptocurrency companies, highlighting the growing threat of malicious code in these sectors. The integration of Phylum's assets into Veracode's offerings is seen as a transformative step in the cybersecurity landscape.