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The idea you're getting at is 'security by obscurity', which in general is not well regarded. Having secret code does not imply you have secure code.
But I think you're right on a broader level, that people get too comfortable assuming that something is open source, therefore it's safe.
In theory you can go look at the code for the foss you use. In practice, most of us assume someone has, and we just click download or tell the package manager to install. The old adage is "With enough eyes, all bugs are shallow". And I think that probably holds, but the problem is many of the eyes aren't looking at anything. Having the right to view the source code doesn't imply enough people are, or even meaningfully can. (And I'm as guilty of being lax and incapable as anyone, not looking down my nose here.)
In practice, when security flaws are found in oss, word travels pretty fast. But I'm sure more are out there than we realize.
It's also easier to share vulnerability fixes between different projects.
Edit:
In closed source, this might happen if both projects are under the same company.
But users will never have the ability to tell Y that T was hacked in a way that might affect Y