Bug Bounty

Bug Bounty

Bug bounties are offered in the hope that good security news will get out to the owner of software before they can be exploited by a nefarious actor. Bug bounties are also commonly offered by cryptocurrency businesses in order to win customer and investor trust.Companies are using bug bounty schemes as a way of outsmarting hackers and preventing vulnerabilities from being exploited. They offer money for ways to improve their systems, encouraging friendly hackers to find bugs before bad actors can do so. In most cases, bug bounties are valued according to the severity of the vulnerability identified.HackerOne has seen almost $90,000 in 2018 bug bounties paid out in the form of cash and more importantly bugs fixed. It is common for companies to offer $100 or less as a bounty for low-severity vulnerabilities. IT professionals should be careful when deploying AI. There are always vulnerabilities, and if you find one you might get rich if you submit a bug report. Dutch researcher Guido Vranken found twelve bugs in his week and was paid $120,000 by others who were interested in the findings. 

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