Friday, July 19, 2024
EHA

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.

You can follow us on LinkedinTwitterFacebook for daily Cybersecurity and hacking news updates.

Website

Latest articles

Octo Tempest Know for Attacking VMWare ESXi Servers Added RansomHub & Qilin to Its Arsenal

Threat actors often attack VMware ESXi servers since they accommodate many virtual machines, which...

TAG-100 Actors Using Open-Source Tools To Attack Gov & Private Orgs

Hackers exploit open-source tools to execute attacks because they are readily available, well-documented, and...

macOS Users Beware Of Weaponized Meeting App From North Korean Hackers

Meeting apps are often targeted and turned into weapons by hackers as they are...

Hackers Exploiting Legitimate RMM Tools With BugSleep Malware

Since October 2023, MuddyWater, which is an Iranian threat group linked to MOIS, has...

Cybercriminals Exploit Attack on Donald Trump for Crypto Scams

Researchers at Bitdefender Labs remain ever-vigilant, informing users about the latest scams and internet...

New TE.0 HTTP Request Smuggling Flaw Impacts Google Cloud Websites

HTTP Request Smuggling is a flaw in web security that is derived from variations...

Volcano Demon Group Attacking Organizations With LukaLocker Ransomware

The Volcano Demon group has been discovered spreading a new ransomware called LukaLocker, which...

Free Webinar

Low Rate DDoS Attack

9 of 10 sites on the AppTrana network have faced a DDoS attack in the last 30 days.
Some DDoS attacks could readily be blocked by rate-limiting, IP reputation checks and other basic mitigation methods.
More than 50% of the DDoS attacks are employing botnets to send slow DDoS attacks where millions of IPs are being employed to send one or two requests per minute..
Key takeaways include:

  • The mechanics of a low-DDoS attack
  • Fundamentals of behavioural AI and rate-limiting
  • Surgical mitigation actions to minimize false positives
  • Role of managed services in DDoS monitoring

Related Articles