Benefits of these platforms
There are many benefits offered by this type of bug bounty platforms, both for companies and institutions and for bug hunters. The following is a list of these benefits:
- Early identification of vulnerabilities: Bug bounty programs allow companies to identify security issues in their digital systems before they can be exploited by malicious actors. This allows companies to address security issues proactively before they become a real problem.
- Cost savings: Companies can save money by using bug bounty programs instead of hiring an in-house security team. Bug bounty hunters are paid only for the bugs found, which can be more cost-effective for companies than hiring a full security team.
- Increased transparency: Bug bounty programs allow companies to be more transparent about their security issues and how they are working to fix them. This can increase customer and public confidence in the company.
- Increased security: Bug bounty programs allow...
