Bug Bounty Program – What Is It And Why Should You Use It For Cybersecurity?

Every single system and every single software, regardless of the reputation of the manufacturing company, has bugs. In other words, not a single software can be coded to be completely bug-free. Scary, right? Well, bugs are vulnerabilities in the software code that can be misused by unethical hackers to spread malware and carry out virus attacks. Despite multiple techniques that companies adopt to reduce such threats, malware scare is still on the rise. It doesn’t necessarily pronounce the defeat of cybersecurity experts, instead, it reflects on the fact that unethical hackers have become far more active and have launched far more sophisticated malware types than before. What needs to be done in such a scenario is adopting an unorthodox method of patching bugs before they can be exploited.

One such successful unorthodox method of troubleshooting the problem of bugs is a Bug Bounty Program. Bug-bounty is an effective approach by organizations to locate hackers from the clean community that works with companies to unearth hidden bugs with the motive of helping manufacturers to remove them. They are as brainy and skilled as unethical hackers; hence, they provide the best solutions. So, whether you’ve suffered a malware attack and want to learn how to hack your company’s hikvision recorder or you’re just interested in keeping your company out of the radar of hackers, running a bug-bounty program can be the ideal option.

How To Begin?

As simple as it sounds, the bug-bounty program is a very sensitive technique that requires a lot of precautions. It is because you’ll be handing over the software that you use in the hands of hackers to troubleshoot. Going by reputation, they are very skilled. Thus, remember to follow all the steps listed below to ensure that your sensitive data isn’t exploited in any way.

  • In case you’re unsure where to find white hat hackers, hire a cybersecurity company to send invites to ethical hackers on your behalf.
  • Make the ethical hackers sign a legal deal – before handing over the software accessing rights – that restricts them from using or copying the data of your company in any way.
  • Layout clear terms about the testing methods and testing tools that you permit for software scanning.

Once you allow the ethical hackers testing rights, the process that follows is fairly simple.

  • Hackers report the bugs they find. The bugs are then sent to the software manufacturer directly.
  • The manufacturers fix those bugs within 3 months. The software is then returned to the hacker to test and confirm that the bug has indeed been fixed.
  • Manufacturers release updates for the public that needs a time of 3 more months for people to install the updated version.
  • You pay the hacker a bounty in return of the services. You can also deny a bounty if the bug was previously detected or simple enough to be found by automated testing tools.