A later module addresses cybersecurity policy through a social science framework. At this point, attention can be drawn to one type of policy, known as bug bounty policies. These policies pay individuals for identifying vulnerabilities in a company’s cyber infrastructure. To identify the vulnerabilities, ethical hackers are invited to try explore the cyber infrastructure using their penetration testing skills. The policies relate to economics in that they are based on cost/benefits principles. Read this article https://academic.oup.com/cybersecurity/article/7/1/tyab007/6168453?login=trueLinks to an external site. and write a summary reaction to the use of the policies in your journal. Focus primarily on the literature review and the discussion of the findings.

I read the article on bug bounty policies and found it quite informative. The literature review I read provided an in-depth understanding of the history and development of policies to identify vulnerabilities in a company’s cyber infrastructure. The review also discussed the effectiveness of these policies in enhancing cybersecurity and preventing cyber attacks. One of the most exciting findings was that major companies such as Google, Microsoft, and Facebook have implemented these policies, and the review provided examples of successful bug bounty programs. Learning how these bug bounty programs incentivize ethical hackers to identify and report vulnerabilities in a company’s IT systems in exchange for rewards was fascinating.

The review also explained the economic principles behind these policies, highlighting the role of cost-benefit analysis in determining the rewards for ethical hackers. It was intriguing to see that this approach ensures that the rewards offered are sufficient to attract ethical hackers while being cost-effective for companies. The literature review provided compelling evidence that bug bounty policies enhance companies’ cybersecurity. It strongly recommends that more companies adopt these policies to minimize the risk of cyber-attacks and protect their sensitive data.