In the past, researchers who found weaknesses faced limited channels to report them and were often hesitant to do so due to the risk of committing a crime (e.g. computer misuse or abuse acts). However, with a Bug Bounty Program, researchers are authorized and have a “Safe Harbour” to report weaknesses, enabling them to improve the cybersecurity maturity of a system, platform, or product. Without bug bounty programs, researchers may have risked reporting vulnerabilities in good faith or sold them on the black market, leaving users exposed to risk. But now, companies can tap into a talent pool of security researchers in a structured and safe way, thanks to bug bounty programs. In this article, we will look at the current initiatives at SMG and how it is being rolled out to improve the cybersecurity of our employees, users, and customers.
Bug Bounty Programs: The Evolution of Cybersecurity Maturity
Discover the powerful initiative that has been transforming cybersecurity: Bug Bounty Programs. These programs reward security researchers - or “hackers” - for finding and reporting vulnerabilities and are revolutionizing how organizations approach their systems' cybersecurity.