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The Evolution of Bug Bounty Programs
This chapter explores the history and transformation of bug bounty programs, particularly highlighting their rise in popularity among major tech companies and government organizations since the mid-2010s. It discusses the pivotal changes in mindset that led to the institutionalization of these programs, with insights from a former hacker turned security program manager. The chapter also examines common pitfalls in implementation and emphasizes the need for a holistic approach to cybersecurity rather than relying solely on bug bounties.