Open source code has exploded in popularity and become an essential building block for modern software (as it can dramatically increase the speed and efficiency of software builds). The accessibility and convenience of proven code means that software developers don’t have to waste time and limited resources reinventing the wheel.
However, according to a study conducted (see link below), open source code isn’t without risk. In fact, the report found higher open source security risks than ever before. Consider this: Most businesses don’t know what’s in their own code.
For founders, this can present quite the dilemma. Amid an economic downturn and ensuing layoffs, software startups are leaner than ever. Those that were previously flush with funding now have their backs to the wall. With this in mind, startups can’t be faulted for supporting the rapid pace of their software development by relying on open source code — an efficient and effective but inherently risky approach if done without proper management.
The report found that high-risk open source vulnerabilities increased at a staggering rate over the past five years (557% in the retail and e-commerce space alone). On top of that, there was a disturbing lack of security patching and maintenance of project dependencies (91% included outdated open source components).
So, with software security and investor dollars on the line, what can founders and budding entrepreneurs do to stay competitive, while contending with tightening pockets and fewer staff?
