The article’s cost-benefit analysis of bug bounty programs in cybersecurity is examined using a social science framework. The literature study emphasizes how ethical hackers are motivated by financial and cooperative incentives to find vulnerabilities in order to receive rewards. According to research, bug bounty programs benefit businesses by utilizing outside knowledge, but they also carry hazards including inconsistent payout procedures and information leaks. According to the discussion, an organized approach to these regulations can minimize risks and maximize advantages for businesses and ethical hackers alike.This strategy helps firms stay ahead of possible attacks while also strengthening cybersecurity defenses. It’s a step in the right direction, highlighting collaboration between the cybersecurity community and companies and recognizing our shared responsibility for digital security.