After reading the article ‘Hacking for Good: Leveraging HackerOne Data to Develop an Economic Model of Bug Bounties’, I believe the authors made a lot of great discoveries. Bug bounties are where hackers are tasked to find bugs and vulnerabilities within a company’s IT system. Within this article’s literature review, it goes over how important bug bounty programs can be for companies. Not only does it help expose vulnerabilities and bugs within a company’s system, but also employ and recruit freelance hackers. This article also discusses within their findings that companies pay these specific hackers relatively the same across the board. This means that companies who have limited funds are still able to afford to pay for a bug bounty hacker. This research highlights that bug bounty programs have limited studies, most companies are not aware of the benefits and low costs. Hopefully with more visibility, companies are able to utilize bug bounty programs.
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