Crowdsourced hacking platforms Bugcrowd and HackerOne leveraging freelance and part-time hackers to identify and correct bugs in software of large companies

Briefing

Crowdsourced hacking platforms Bugcrowd and HackerOne leveraging freelance and part-time hackers to identify and correct bugs in software of large companies

September 6, 2018

Briefing
  • Crowdsourced Hacking – Crowdsourced hacking platforms, such as Bugcrowd and HackerOne, connect companies to hackers that could look for bugs in their software
  • Client Companies – Include GM, Microsoft, and Starbucks, which offer monetary rewards in exchange for identifying bugs in their platforms
  • Compensation –12% of 200,000 HackerOne registered users earn $20,000 per year from bug hunting, with 3% making over $100,000
  • Talent Development – To keep expanding pool of talented bug hunters, Bugcrowd and HackerOne have published learning materials, offered free webinars, and more
  • Ethical Hacking – Bugcrowd and HackerOne pushing for established rules stipulating legal hacking techniques to be included in client contracts, which will protect ethical hackers from getting into lawsuits from anti-hacking laws

Accelerator
Collaborative and Sharing Economy, Cybersecurity

Market Disruption
Freelance Economy

Business Model and Practices

Business Model
and Practices
Leveraged Third-party Assets

Sector
Information Technology

Organization
Bugcrowd, General Motors Co., HackerOne, Microsoft Corp., Starbucks Corp.

Source

Original Publication Date
August 23, 2018

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