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IDG Contributor Network: Bugs for cash: Bounty hunters in the new wild west of security

Discussion in 'Network World' started by RSS, Apr 20, 2016.

  1. RSS

    RSS New Member Member

    The business of bug hunting is a potentially lucrative one for both seasoned security researchers and amateurs with an interest in hacking. It’s an area that’s gaining legitimacy thanks to official bug bounty programs and hacking contests, but there’s still a seedy underbelly that unscrupulous bounty hunters can take advantage of if they successfully identify a vulnerability.

    The average cost of a data breach is $3.8 million, according to research by the Ponemon Institute. It’s not hard to understand why so many companies are now stumping up bounties. It can also be very difficult, time consuming and expensive to root out bugs and flaws internally. Turning to the wider security community for help makes a lot of sense, and where there’s need there’s a market.

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