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What is Bug Bounty Program: Why Organization Needs Them?

Many websites, groups, and software developers offer promotions called “Bug Bounty Programs” that let people get paid and praised for finding bugs, especially ones that lead to security holes and exploits.

Because these tools let organizations find and fix bugs before the public does, they can stop widespread abuse before it happens.

Table of Contents

FAQ

What is Bug Bounty Program: Why Organization Needs Them?

What Exactly is a Bug Bounty?

How you can participate in Bug Bounties

FAQ

1. What is the objective of bug bounty program?

The main goal of a bug payment program is to make software or systems safer by using the skills and variety of people in the cybersecurity community.

Its goal is to find security holes and weaknesses and fix them before bad people can use them. Ethical hackers and security researchers are encouraged to test fully and responsibly report problems by these programs, which give rewards or praise for doing so.

This way of working together not only helps find possible security threats that internal teams might miss but also encourages ongoing security improvements, which keeps software and systems safe against new cyber threats.

2. What is required to be a bug bounty?

People who want to be successful in bug bounty programs need to have professional skills, act honestly, and keep learning.

Technical knowledge is very important, especially in web application security, network security, and cryptography, because it lets people find and use weaknesses successfully.

It’s also helpful to know how to use different operating systems and network methods and be good at programming languages. Ethics are very important.

Following the rules of the bug bounty program and telling people about flaws in a responsible way is necessary to keep trust and stay legal.

As the field of cybersecurity is always changing, it’s also important to keep learning about the newest security trends, risks, and technologies. Also, you need to be patient and persistent because finding important bugs can be hard and take a lot of time.

3.What is the best practice for a bug bounty program?

Successful bug bounty programs require several critical aspects. First, clearly define the program’s scope, vulnerabilities eligible for rewards, and ethical hacking regulations.

Legal protection for the organization and researchers is essential. To attract talented researchers, a fair and transparent compensation scheme is essential.

Communication is crucial; open and responsive submission and feedback channels build security community trust. Organizations should also have a rigorous mechanism for triaging, assessing, and fixing reported vulnerabilities quickly.

Updates and adaptations based on feedback and new threats can keep the program effective. Finally, a good bug bounty program must appreciate and acknowledge researchers, whether through financial awards, public acknowledgment, or both.

What is Bug Bounty Program: Why Organization Needs Them?

Cyberspace is home to all kinds of characters, some good, while others are always up to something nefarious.

For those conscious of security, striking that balance between good-intentioned characters (white hats) and bad-intentioned characters- aka black hats- has always been important.

As criminal cyberspace conjures up up up up up new attack methods and new finds vulnerabilities, it’s upon the good guys to quickly patch them or stay ahead by discovering bugs and patching them beforehand.

In cybersecurity circles, these good guys are commonly referred to as bounty white hats.

They play a critical role in ensuring the safety of tools and systems companies depend on for survival.

What Exactly is a Bug Bounty?

A bug bounty, as its name might suggest, is a proactive approach to system and application security where companies invite white-hat hackers to probe their systems to find vulnerabilities.

Similar to traditional bounties, a reward must be in place for those who successfully breach applications and report them using available white-hat channels.

A good bug bounty program must be structured and attract the best security experts and enthusiasts.

Companies that run a successful bug bounty may benefit in the following ways:

1.Get the best talent. You might not have the best security experts and hackers who are also called into the security world internally.

2. Improve your applications and safeguards- It’s not enough to go through all the security testing and probing internally.

3. Value the white hats– In a world where cybersecurity continues to be the biggest risk factor for most businesses, those who choose to protect and fight the bad elements must be valued.

4. Bug bounties for security companies– Companies that provide security solutions such as VPNs and firewalls are especially in need of well-structured bug bounty programs.

How you can participate in Bug Bounties

Are you a white-hat hacker looking to make some money doing what you love?

There are several companies out there with bug bounty programs that are always open to everyone interested, regardless of their skill set or location.

For instance, several VPNs are offering the bug-bounty program, which has been hosted by Bugcrowd and Hackersone since 2016 to white-hat hackers who would like to try their hand at finding bugs on a modern VPN service.

Other companies and organizations with active and potentially lucrative bug bounties include Facebook, Google, PayPal, and even the US Pentagon.

All in all, bug bounties are an important component of modern security.

This is evident by the number of bugs discovered in the last few years through properly implemented bug bounties.

Cyberspace is a safer place with white-hat hackers doing what they are good at and getting rewarded for it.

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Dhivya

Divya is a Senior Journalist at Cyber Security news covering Cyber Attacks, Threats, Breaches, Vulnerabilities and other happenings in the cyber world.

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