No, you should rely on authors to be checking their repositories for issues.
The main Node-RED repo is already using some tools for this, as is UIBUILDER. This is about making sure that other authors are aware and actively checking for issues.
There was a post about the specific issue not long back and someone posted a command-line that would let you check your installation for that specific issue.
Thankfully, only specific versions of libraries were compromised so for an environment like node-red, you were relatively unlikely to get compromised. Other packages were less fortunate.
Well, this partly comes back to things I've said in the past (that most people ignore). Installing Node-RED globally with access to everything you do (e.g. installing on your main PC and using your standard user), or worse still, installing globally on Linux without specifying a restricted user, will give Node-RED access to pretty much EVERYTHING on that device and possibly access to other devices depending on your setup.
So, yes, the consequences could be totally devastating.
However, the way that npm works does have its advantages as well. Compromised versions - as long as someone spots them - can quickly be removed so that installations and updates either don't install the bad version or replace them with a better version.
Also, the nature of node.js apps with their typically deeply nested libraries, while presenting a rather large attack surface, does mean that deployed libraries are not always updated very often and so compromises typically have to be in place for quite some time for them to spread.
Compromises of end-user machines are, thankfully still fairly rare. Some common-sense practices go a long way towards safety as well. For Node-RED, aim to keep it and its installed packages updated at least every few months, similarly for node.js itself. And install under a restricted user id to limit what it can do.
Thankfully, using Dave's Debian install script does things reasonably well (though it still installs node-red globally which isn't perfect). My own alternate installer shows you how to install locally and, in my view, has a number of advantages in terms not only of security but also backups and the ability to run multiple different versions of Node-RED in parallel.