10 Dec HackerOne’s Largest Bug Bounty Program Boasts 300 Hackers, $2M In Rewards
This week in cybersecurity from the editors at Cybercrime Magazine
–Sausalito, Calif. – Dec. 10, 2024
According to Cybersecurity Ventures, cybercrime is expected to cost the world $10.5 trillion annually by 2025 – an astronomical increase from $3 trillion in 2015. This rapid escalation underscores a critical truth: companies must shift from reactive to proactive cybersecurity strategies including ethical hacking and bug bounty programs, writes Jason Lau, CISO at Crypto.com, one of the world’s largest crypto platforms.
Lau has seen firsthand how bug bounty programs can transform a company’s security posture. At Crypto.com, they recently launched a $2 million bug bounty program – the largest ever on HackerOne’s platform.
Crypto.com’s landmark initiative is a signal to the global hacking community that they value their contributions and are serious about security. Their program boasts more than 300 hackers. In his CSO article Lau spells out what constitutes a best-in-class bug bounty program while offering a glimpse inside the world of ethical hacking.
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