Bug Bounty Program: A Milestone Achievement In Reducing The Risk Of Data Security Breach

Cybersecurity is a global concern that keeps experts thinking about new ways to survive the trap of unethical hackers and protect user privacy. However, it’s easier said than done. Unethical hackers are highly active on the web and the alarmingly high number of IoT devices on the web makes things difficult. As a result, hackers are able to breach the security filters that lead to issues like dvr hacked, information leak, money extortion, and blackmail.

The presence of unethical hackers is felt by companies of all sizes. They end up losing millions of dollars. Which is why it is important to adopt all kinds of measures that you can against unethical hackers. The first few techniques that are extremely useful include the following.

  • A strong and complicated backdoor password.
  • Firewall and antivirus tools for system protection.
  • Multifactor and 2-factor authentication techniques.
  • Network segmentation and password management.

These are the few inevitably important aspects of cybersecurity that shouldn’t be ignored. However, other than these, one latest technique that has been helping companies to reduce malware attacks is ‘bug bounty programs’.

A bug bounty program is run on the company’s level to locate ethical hackers. These are hackers from the clean community that are as brainy as the unethical hackers. The difference between the two is, ethical hackers use their skills to strengthen cybersecurity and unethical hackers do just the opposite.

It is necessary to identify ethical hackers first before allowing them to access your company’s software. Thus, you must follow the procedure of hiring ethical hackers with caution. The relevant steps include the following.

  • You send out invites to hackers from the clean community.
  • Once identified, the hackers are made to enter a legal contract that prohibits them from copying your data or selling it to a third party.
  • The contract must make a mention of the tools you allow for scanning your company’s software.
  • Once the formalities are done, ethical hackers start analyzing the codes in the software to locate a discrepancy.
  • When a bug is identified, the hacker sends it to the software manufacturers.
  • The manufacturers patch up that bug within 3 months and send it back to the hacker who found it.
  • After the hacker confirms that the bug has been fixed, the company releases an update for the public to install.
  • After 90 days, the hacker is allowed to release the bug publically.
  • After the entire process, you are supposed to pay the hacker a bounty in return of the services.

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