Understanding Bug Bounties

Bug bounties provide a unique approach to identifying vulnerabilities in applications by inviting the public to participate in the testing process. Unlike traditional penetration testing, which involves hiring a specific firm to conduct assessments, bug bounties allow individuals from around the world—sometimes with constraints—to report vulnerabilities for a monetary reward. This crowdsourced model not only increases the potential number of testers but also enables companies to access diverse skills and perspectives. By leveraging a broader pool of talent, companies can benefit from more comprehensive scrutiny of their systems, potentially identifying a wider range of vulnerabilities.