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    $100 Million in Bug Bounties paid to Ethical Hackers by Hackerone

    The term, hacking, can represent a bridge. In the middle lies the clients; at one end of the bridge lies the hackers, who set out to exploit security flaws and strip people of their data.

     

    On the other end, lies HackerOne. It is a security agency whose duties lie in discovering bugs in many company software and rendering them ineffective. HackerOne has rewarded its hackers $100 million, as a thank you, for constantly detecting flaws in software. The company has become a crucial part in safeguarding the integrity of software; as they continuously share their techniques and create awareness via their live hacking shows.

     

    The constant need for software security has made HackerOne the most used security agency. Established in 2012 and has had the privilege of linking clients, in need of security checks, to hackers.

    HackerOne comprises white hackers who put their hacking skills to positive use by detecting bugs, running retesting, and penetration testing.

    “If we talk about Retesting and Pentesting, ‘HackerOne is growing the pie for hackers and helping customers shift hackers left and leverage the community’s diverse skills throughout the entire software development life cycle. Bug bounty programs like this continue to spearhead a culture of collaboration and transparency that benefits cybersecurity as a whole.’ ”

     

    HackerOne said, “We started as a couple of hackers in the Netherlands with a crazy belief that people like us could make organizations safer and do it more efficiently and cost-effectively than traditional approaches. $100 Million in bounties later, maybe this idea isn’t so crazy after all.”

    journey

    Bug bounty programs like this continue to spearhead a culture of collaboration and transparency that benefits cybersecurity as a whole.

    hackerone-1

    HackerOne CEO Marten Mickos said, “HackerOne has delivered about 170,000 valid vulnerability reports to its customers; with the average cost of breach somewhere around $8 million, the savings are in the tens of billions.” He said; We estimate that there are around 100 million security vulnerabilities still out there in the wild, we predict hackers will have earned $1 billion in bug bounties within five years, protecting companies and governments alike from persistent and ephemeral threats.”

     

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