Bug Bounty Program 

The bug bounty program is a program that rewards ethical hackers to discover and report security vulnerabilities in the most responsible way. It is a proactive approach to cybersecurity by organizations to identify vulnerabilities before hackers can use them, and an increasingly significant component of the contemporary cybersecurity policy. 

How Bug Bounties Work 

• Program Launch:
  With an organization, there is a definition of what is covered by the test, what is allowed to be tested, and what should not be. 
• Hacker Involvement:
  White hat hackers sign up and start testing the targets approved. 
• Submission of Vulnerability:
  Once a hacker discovers a bug, he/she submits it in the bug bounty system with the evidence. 
• Checking:
  The company checks the application and proves it. 
• Reward:
  In case successful, a hacker gets a financial reward or credit. 

It is a win-win process because companies gain more security, and hackers are compensated through their professional skills. 

The Importance of Bug Bounties 

• Constant Testing:
  Traditional pentests are point-in-time; bug bounties are continuous. 
• Varying Skillsets:
  There are thousands of hackers around the world that offer different views and methods. 
• Economical:
  You will only pay when valid results are encountered. 
• Community Building:
  Invites cooperation between companies and the ethical hacking community. 

Common Misconceptions 

• Bug bounties do not substitute internal security or penetration testing; instead, they complement it. 
• They also have rigid rules of engagement to be legal and professional. 
• All the participants shall adhere to the responsible disclosure policies of both parties. 

Why Companies Choose Bugv 

Bugv is a safe bug bounty platform that links companies with competent, proven ethical hackers. Bugv provides safe working environments, equitable compensation, and thorough reporting, starting with the development of the program all the way to vulnerability triage. 

Secure your company and enable white hat hackers. Start your bug bounty with Bugv.io .