Increased security through open source
  In this paper we discuss the impact of open source on both the security and transparency of a software system. We focus on the more technical aspects of this issue, combining and extending arguments developed over the years. We stress that our discussion of the problem only applies to software for general purpose computing systems. For embedded systems, where the software usually cannot easily be patched or upgraded, different considerations may apply. 
Jaap-Henk Hoepman, Bart Jacobs