Why Every Organization Should have a Bug Bounty Program

Introduction

Every day, new reports of data breaches emerge. Because of inadequate implementation, businesses are falling victim to hacking, which in turn exposes sensitive consumer information. There are many illustrations, all of which may be found with little effort on your part. Therefore, in the modern world, every organization wants to protect themselves from hackers and other attackers, and as a result, they hire security experts who are responsible for genuinely looking after the firm’s security. However, there are a great number of experienced hackers or engineers who want to act independently and attempt to secure a variety of organizations. As a result, organizations typically turn to these individuals in the hope of receiving assistance by establishing or running a bug bounty programme. There are a number of platforms that can function as middleware for an organization and assist in the process of setting up a bug bounty programme.

What is Bug Bounty?

In the Bug Bounty programme, many organizations either link up with an existing bug bounty platform or start their own email or programme to receive bug reports. All of the ethical hackers who are a part of the bug bounty programs have the power to perform audits on the organization’s resources and to make an effort to locate points of vulnerability. There may be a couple of vulnerabilities that an organization is not interested in receiving or may be working internally on them already; as a result, they create a scope to which hackers should adhere. Because every organization has different rules and policies, an ethical hacker needs to understand these before beginning the testing for bugs.

If an ethical hacker reports a bug with a high severity, the organization will reward him or her with a greater sum of money than if they report a bug with a medium severity. When a researcher reports a valid vulnerability to an organization, the organization will do so in order to show appreciation for the researcher’s efforts by offering a monetary reward. In general, the majority of organizations use these standard categories for vulnerabilities: Critical, High, Medium, Low, and Informational. However, the amount of the reward can differ from one organization to the next, and the…