Bug Bounty
A bug bounty is a program that rewards people for finding
and reporting security flaws in software:
Purpose
Bug bounties are a crowdsourcing initiative that helps
organizations identify and fix security issues in their software.
How it works
Organizations offer monetary rewards, or bounties, to
ethical hackers who responsibly report security flaws.
Types of programs
Bug bounty programs can be public or private. Private
programs are invitation-only, while public programs are open to the general
public.
Incentives
In addition to monetary rewards, some programs may offer
other incentives, such as access to a paid online service or professional
recognition.
Benefits
Bug bounty programs can help organizations reduce
cybersecurity risks, improve their software testing systems, and test
application security throughout the software development lifecycle.
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