In “Hacking for Good: Leveraging HackerOne Data to Develop an Economic Model of Bug Bounties,” Kiran Sridhar and Ming Ng discuss how to build an economic model for bug bounties using data from HackerOne, a platform for vulnerability coordination and bug bounty programs. These policies allow bug bounties to incentivize people to find vulnerabilities in a business’s cyber defenses. Framing bug bounty policies through cost/benefit analysis highlights the reasoning behind these programs. The article’s economic model provides a structured approach to understanding the motivations behind companies’ and ethical hackers’ participation in bug bounty programs. This policy’s use of economic concepts highlights the realistic strategy used to handle cybersecurity issues. Bug bounty programs can use the knowledge and skill of ethical hackers and provide an effective way to strengthen their cyber defenses. The article’s research emphasizes the benefits of bug bounty programs in enhancing cybersecurity resilience. According to the study, bug bounty programs are preventative measures for detecting vulnerability and promoting collaboration between businesses and ethical hackers.

ARTICLE: https://academic.oup.com/cybersecurity/article/7/1/tyab007/6168453?login=true