SafeHats | Managed Bug Bounty ProgramSafeHats | Managed Bug Bounty ProgramSafeHats | Managed Bug Bounty ProgramSafeHats | Managed Bug Bounty Program
  • Solutions
    • Enterprise Bug Bounty Program
    • The Real Hackathon
    • For Startups
  • Researchers
  • Blog
  • Resources
    • Resources
    • FAQ
    • SafeHats Guide
    • Customer Advisory Council
    • Hacker Advisory Council
    • How to sell SafeHats to your Boss?
  • Company
    • Team
    • Careers
    • Partners
    • Newsroom
  • Contact Us
  • LOGIN
  • SIGNUP
    • For Enterprises
    • For Researchers
bugbounty

The threat to business from Cybercrime has never been greater and we see headlines almost every week pertaining to a breach of a company’s network or website. As Cisco Chairman John Chambers commented ‘There are two types of company, those who have been hacked and those who don’t know they have been hacked.

It is not just prominent companies in the public eye which are targeted by hackers. Surveys available in the public domain states that 90% of larger organizations and 74% of SMEs has suffered security breach in the last 12 months.

You can’t do anything about hackers or companies with inadequate or misconfigured security. Fortunately, there are some things you can do to reduce the likelihood of malicious hackers gaining access to your digital assets, accounts, and minimize the impact if they do. Bug Bounty is an effective way to address security concerns of the organization

Bug bounty program which is also known as Vulnerability Rewards Program (VRP) is a crowdsource initiative which rewards security researchers for discovering and reporting software bugs. This program aims to supplement your existing internal code audits and penetration testing as part of the organization’s vulnerability management strategy.

Bug bounty program should be part of every organization’s penetration testing plan. It provides them an opportunity to engage with a worldwide community of diverse ethical talent pool who wants to help your organization to build secure application in return for rewards and recognition.

Leading organization such as Facebook, Google, Twitter, Uber, and many more run their own bug bounty programs. In 2016, Google has paid out $3 million. Facebook has paid as much as $33k for a single bug report. In 2016, Apple announced reward of $200,000 for a flaw in the iOS secure boot firmware components and up to $50,000 for execution of arbitrary code with kernel privileges or unauthorized iCloud access.

Bug bounty program is suitable for organizations of all sizes. Here are few reasons why every organizations need one:

  1. Wants to secure application:

Research says 80% of all web applications and mobile applications contains security loopholes. Most organizations don’t realize this and they gets vulnerable to cyberattacks. Cyberattacks leads to loss in reputation, brand equity, business continuity, loss of revenue, and customer trust. Every organization should strive to avoid critical bugs in their application.

2. Not having enough resources to manage bug bounty program

Most of the organization don’t have enough security researchers to launch and manage a bug bounty program or have their applications tested against critical vulnerabilities. Bug bounty platforms provides access to talents, offers services like bug triaging, bug report validation, managing bounty setting and payments. Bounty programs takes the hassle away so that organizations can concentrate on their core strengths.

3. Building a culture of security consciousness

Safehats bug bounty program provides access to Safehats community where industry experts, security researchers, and technical vendors shares their knowledge on enhancing security and become cyber resilient.

We would love to hear back from you , contact us for free trial at safehats@instasafe.com to launch Bug Bounty program for your enterprises.

Visit https://safehats.com for more information.

Asish Biswal

More posts by Asish Biswal

Leave a Comment

Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Why to create ‘/security’ page and responsible disclosure policy ?
  • How Much Data Breach Can Cost To Enterprises ?
  • Behind The Platform: Meet Lavanya, Our Researcher!
  • How the role of traditional CISO changes when they engage with coordinated Vulnerability management platform ?
  • Why are Self-managed Vulnerability Disclosure Programs a Bad Idea?

Recent Comments

  • Lavon on SafeHats Listed as a Representative Vendor in Gartner’s 2018 Market Guide for Application Crowdtesting Service

Archives

  • July 2019
  • December 2018
  • September 2018
  • August 2017

Categories

  • Featured Announcements
  • Featured Posts
  • Multi Author
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org

  • You may also like

    SafeHats Listed as a Representative Vendor in Gartner’s 2018 Market Guide for Application Crowdtesting Service

    Read now

SafeHats is an advanced managed bug bounty platform which connects you to a crowd of highly skilled, trusted and curated security researchers to identify vulnerabilities in your digital assets

Quick Links

  • Home
  • Researchers
  • Blog
  • Contact Us
  • Sitemap

Company

  • Careers
  • Newsroom
  • Partner Program
  • Resources Featured Doc
  • Customer Advisory Council

Important Links

  • Login
  • Signup for Enterprises
  • Signup for Researchers
Copyright © 2020 InstaSafe. All Rights Reserved.
  • Solutions
    • Enterprise Bug Bounty Program
    • The Real Hackathon
    • For Startups
  • Researchers
  • Blog
  • Resources
    • Resources
    • FAQ
    • SafeHats Guide
    • Customer Advisory Council
    • Hacker Advisory Council
    • How to sell SafeHats to your Boss?
  • Company
    • Team
    • Careers
    • Partners
    • Newsroom
  • Contact Us
  • LOGIN
  • SIGNUP
    • For Enterprises
    • For Researchers
SafeHats | Managed Bug Bounty Program