Journal Entry 13
This article Explores how bug bounty programs incentivize ethical hacking to improv cybersecurity. By analyzing data from HackerOne, the authors develop an economic model that highlights efficiency and cost-effectiveness of these programs. The model shows that bug bounties can attract skilled hackers to identify vulnerabilities, offering financial rewards that are often lower than the potential costs of breach. This approach aligns with economic theories like cost-benefit analysis and market signaling. My reaction to the use of policies in this context is positive. Bug bounty programs represent a proactive and economically sound policy for cybersecurity. They not only mitigate risks but also foster a collaborative environment between companies and ethical hackers. This policy leverages market mechanisms to enhance security, demonstrating a practical application of economic theory to real-world problems.