A bug bounty is a program offered by organizations that rewards individuals for finding and reporting security vulnerabilities in their software or systems.
• Used by tech companies to identify and fix vulnerabilities before they can be exploited by attackers.• Offered as a proactive security measure to improve software security through crowdsourced testing.
The purpose is to encourage ethical hackers to identify and report security vulnerabilities, allowing the organization to fix them before malicious actors exploit them.
Bug bounty programs have been implemented by many organizations seeking to proactively hunt vulnerabilities in their systems. Bug bounties provide a cost-effective way for organizations to discover vulnerabilities by leveraging the expertise of external security researchers
Without a bug bounty program, vulnerabilities may go undetected or be discovered by attackers, potentially leading to security breaches.
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