Examining the article “Hacking for good: Leveraging HackerOne data to develop an economic model of Bug Bounties” in the Journal of Cybersecurity reveals a thorough analysis of the economic dimensions of bug bounty programs and their relevance to cybersecurity. The literature review underscores the increasing significance of bug bounty programs as a means to detect and rectify security vulnerabilities in software systems, recognizing that conventional security testing and internal vulnerability evaluations might not adequately address the intricate challenges in today’s cybersecurity environment.

The findings’ discussion presents an economic model factoring in aspects like the quantity of identified vulnerabilities, their severity, and the time required for their discovery. This model illustrates that bug bounty programs can serve as an effective and economical method to enhance cybersecurity. Additionally, the findings indicate that organizations can fine-tune the efficiency of bug bounty programs by modifying their policies, such as providing more substantial rewards for graver vulnerabilities or considering the cost of undetected vulnerabilities.