Friday, July 19, 2024

HackerOne Paid $100 Million in Bug Bounties to Ethical Hackers

HackerOne declared that hackers have earned $100 million in bug bounties on the HackerOne platform.

Hackers have become an essential part of the security environment. They are participating worldwide, sharing awareness, their techniques, and much more.

“We started out 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.”HackerOne said.

HackerOne is a vulnerability coordination and bug bounty platform that connects businesses with penetration testers and cybersecurity researchers and it was founded in 2012.

Every minute of every day, hackers and companies across the globe come together to increase security. Businesses are constantly aiming to grow.

They are expanding into new markets, shipping new products and services, adding customers, publicizing mobile offerings, processing new forms of payment, increasing web assets and so on.

They work with many organizations in the world, who use their platform for their vulnerability coordination, bug bounty programs , 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.”

More security teams use HackerOne to manage vulnerability disclosure and bug bounty programs than any other platform. The Internet Bug Bounty honored those hackers who detect security vulnerability in the software.

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

HackerOne organizes Live Hacking Events too. The HackerOne community “is a very open, sharing, caring community” says Olivier Beg.

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