Source Defense, a startup that is promising a remedy for breaches caused by flawed third-party web applications, announced Wednesday that it raised $10 million in Series A funding. The Israeli company says that it provides a first-of-its-kind solution for preventing website supply chain attacks. The company’s product sits on a customer’s website and automatically monitors access and permissions of third-party apps that operate on it. The use of third-party code for web apps on websites has been a salient risk as of late. Several companies, including Newegg, British Airways and Ticketmaster UK, have fallen victim to card skimming schemes at the hands of the threat group Magecart in recent months. The group exploits vulnerable or compromised JavaScript code that companies place on their websites, intending to use it for things like chat clients and payment tools. Source Defense says that its solution is simple to implement — ironically, by having […]
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