Lineaje Secures $20M to Combat Software Supply Chain Threats

Tuesday, 30 July 2024, 23:35

Lineaje has successfully raised $20 million in funding to bolster its efforts in tackling software supply chain threats. A recent Ponemon Institute report highlights that over half of organizations have faced software supply chain attacks, emphasizing the growing risk in today's interconnected tech landscape. With potential costs of nearly $81 billion in damages by 2026, this funding is crucial for developing effective countermeasures that protect businesses from such devastating threats.

Yahoo Finance — Lineaje Secures $20M to Combat Software Supply Chain Threats

Introduction

Lineaje has recently secured $20 million in funding to enhance its defensive capabilities against the rising threats of software supply chain attacks.

The Growing Threat

A 2024 Ponemon Institute report revealed that over half of organizations have experienced an attack.
54% of these organizations faced an attack in the past year.

Financial Implications

Supply chain attacks can target services provided by third-party vendors or involve open source software crucial to a company's tech stack, potentially leading to severe financial consequences.

According to a study by Juniper Research:
Supply chain cyberattacks could cost the global economy almost $81 billion by 2026.

Conclusion

The recent funding acquired by Lineaje is a significant step towards enhancing cybersecurity measures and protecting organizations from crippling supply chain threats.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Introduction

The Growing Threat

Financial Implications

Conclusion

Related posts