diff --git a/src/depcheck/analyzers/cve.py b/src/depcheck/analyzers/cve.py
new file mode 100644
index 0000000..096aa2a
--- /dev/null
+++ b/src/depcheck/analyzers/cve.py
@@ -0,0 +1,130 @@
+"""CVE analysis module with bundled vulnerability database."""
+
+import re
+from pathlib import Path
+from typing import Optional
+
+import yaml
+
+from depcheck.models import Dependency, ScanResult, Severity, Vulnerability
+
+
+def load_cve_database() -> dict:
+    """Load the bundled CVE database."""
+    db_path = Path(__file__).parent.parent / "data" / "cve_database.yaml"
+    if db_path.exists():
+        with open(db_path, "r") as f:
+            return yaml.safe_load(f) or {}
+    return {"cves": [], "version_warnings": []}
+
+
+class CVEAnalyzer:
+    """Analyze dependencies for known vulnerabilities using bundled database."""
+
+    def __init__(self, db: Optional[dict] = None):
+        self.db = db or load_cve_database()
+        self._build_index()
+
+    def _build_index(self) -> None:
+        """Build index for faster lookups."""
+        self._cve_index: dict[str, list] = {}
+        self._warning_index: dict[str, dict] = {}
+
+        for cve in self.db.get("cves", []):
+            package = cve.get("package", "").lower()
+            if package not in self._cve_index:
+                self._cve_index[package] = []
+            self._cve_index[package].append(cve)
+
+        for warning in self.db.get("version_warnings", []):
+            package = warning.get("package", "").lower()
+            self._warning_index[package] = warning
+
+    def analyze(self, dependency: Dependency) -> list[Vulnerability]:
+        """Check a dependency against the CVE database."""
+        vulnerabilities = []
+        package_name = dependency.name.lower()
+
+        cves = self._cve_index.get(package_name, [])
+        for cve_data in cves:
+            if self._is_version_affected(
+                dependency.current_version,
+                cve_data.get("affected_versions", ""),
+            ):
+                vulnerability = Vulnerability(
+                    cve_id=cve_data.get("cve_id", "UNKNOWN"),
+                    severity=Severity(cve_data.get("severity", "medium")),
+                    description=cve_data.get("description", ""),
+                    affected_versions=cve_data.get("affected_versions", ""),
+                    fixed_version=cve_data.get("fixed_version"),
+                    references=cve_data.get("references", []),
+                )
+                vulnerabilities.append(vulnerability)
+
+        return vulnerabilities
+
+    def _is_version_affected(self, current: str, affected_range: str) -> bool:
+        """Check if current version is within affected range."""
+        if not current or not affected_range:
+            return False
+
+        current = current.strip()
+        affected_range = affected_range.strip()
+
+        if affected_range.startswith("<"):
+            version_part = affected_range[1:].strip()
+            return self._compare_versions(current, version_part) < 0
+        elif affected_range.startswith("<="):
+            version_part = affected_range[2:].strip()
+            return self._compare_versions(current, version_part) <= 0
+
+        return False
+
+    def _compare_versions(self, v1: str, v2: str) -> int:
+        """Compare two version strings. Returns -1 if v1 < v2, 0 if equal, 1 if v1 > v2."""
+        try:
+            from packaging.version import parse as parse_version
+
+            parsed_v1 = parse_version(v1)
+            parsed_v2 = parse_version(v2)
+
+            if parsed_v1 < parsed_v2:
+                return -1
+            elif parsed_v1 > parsed_v2:
+                return 1
+            return 0
+        except Exception:
+            parts1 = re.split(r"[.\-_]", v1)
+            parts2 = re.split(r"[.\-_]", v2)
+
+            for i in range(max(len(parts1), len(parts2))):
+                p1 = parts1[i] if i < len(parts1) else "0"
+                p2 = parts2[i] if i < len(parts2) else "0"
+
+                try:
+                    cmp = int(p1) - int(p2)
+                except ValueError:
+                    cmp = (p1 > p2) - (p1 < p2)
+
+                if cmp != 0:
+                    return 1 if cmp > 0 else -1
+
+            return 0
+
+    def check_version_warning(self, dependency: Dependency) -> Optional[str]:
+        """Check if there's a version warning for this dependency."""
+        package_name = dependency.name.lower()
+        warning = self._warning_index.get(package_name)
+        if warning:
+            min_safe = warning.get("min_safe", "")
+            if self._compare_versions(dependency.current_version, min_safe) < 0:
+                return warning.get("message")
+        return None
+
+    def analyze_scan_result(self, result: ScanResult) -> ScanResult:
+        """Analyze all dependencies in a scan result for vulnerabilities."""
+        for dep in result.dependencies:
+            vulnerabilities = self.analyze(dep)
+            for vuln in vulnerabilities:
+                result.vulnerabilities.append((dep, vuln))
+        return result