In the journal article “Explaining the Success of Bug Bounty Policies: A Literature Review and Directions for Future Research” by David Maimon and William J. Kresse, the authors delve into the effectiveness of bug bounty policies within cybersecurity frameworks. The literature review highlights various studies and perspectives on bug bounty policies, emphasizing their role in incentivizing ethical hackers to identify vulnerabilities in a company’s cyber infrastructure.
The discussion of the findings underscores the multifaceted nature of bug bounty policies, which are rooted in cost-benefit principles. The authors identify several factors contributing to the success of these policies, including financial incentives, reputation enhancement, and the alignment of incentives between organizations and ethical hackers. Moreover, the article examines the challenges associated with bug bounty programs, such as the potential for abuse and the need for clear guidelines and communication between parties involved.
Overall, the literature review and discussion underscore the significance of bug bounty policies in enhancing cybersecurity measures by leveraging economic incentives to identify and address vulnerabilities in cyber infrastructure. The findings provide valuable insights for policymakers and organizations looking to implement effective bug bounty programs to bolster their cybersecurity posture.