SecurityBrief Asia logo
Asia's leading source of cybersecurity and cyber-attack news
Story image

HackerOne hits $100M milestone with bug bounties

FYI, this story is more than a year old

Hacker powered security platform, HackerOne, has announced that users have earned $100 million in ‘bug bounties'.

A bug bounty is a monetary reward received by a hacker who finds and reports a valid security weakness to an organisation so it can be resolved and digital assets secured.

The platform is built on a growing community of ethical hackers to protect against data breaches, cybercrime and privacy breaches.

HackerOne states that nearly half of bounty earnings awarded in the past year alone. Overall, S100M is a significant milestone that highlights a growing community that is addressing the growing security needs of an increasingly interconnected society, the company states.

Significantly, in October 2013, $30,000 was paid to hackers across the globe, and in April 2020 $5.9 million was paid to hackers worldwide.

The company also noted other wins. Such as the fact that 84 new hackers are signing up to the platform every hour, that $6,000 is paid out in bounties every hour and 170,000 vulnerabilities have been uncovered in nearly 2,000 customer programs.

The company states this is a prime time for companies to be looking for a holistic and effective approach to security, as they look to expand into new markets, ship new products and services, add customers, release mobile offerings, process new forms of payment, increase web assets and more.

HackerOne CEO Marten Mickos says, “We are building a community able to test and vet every piece of our digital connected civilisation.

“$100 million is a number that attracts the best hackers, providing companies and governments unmatched ROI, significantly reducing the risk of data breach.

“We have arrived at the point in history where you are ignorant and negligent if you do not have a way to receive useful input from ethical hackers. In this new world of ever-evolving threats, the only way to get ahead is to get transparent. Openness, not secrecy, is the way forward.

By partnering with willing organisations, trusted hackers are an extension of any security team and earn up to 36% more than they would as a software engineer in their home country.

For companies, working with the largest, most active community of hackers allows them to be proactive about their security strategy in an efficient and cost effective way.

Elite hacker Frans Rosen says, “Some of my favorite highlights are absolutely the interactions with the people on the other side, and reactions to some of the bugs I've found.

“When the CISO of a company calls me up in the middle of the night to understand the severity and panics when he realises the impact. When I build a little game to show the impact of a bug and the company responds with "this is the best game ever, we've played it all day in the office."

“On live hacking events, when you submit a really critical bug and the team of the company fills the room afterwards to understand exactly what happened. I live for the reactions since I understand myself how I would feel to get the same kind of report myself.

HackerOne co-founders Jobert Abma and Michiel Prins say, “We started out as a couple of hackers in the Netherlands with a crazy belief that hackers like us could make organisations safer and do it more efficiently and cost-effectively than traditional approaches.

“$100 million in bounties later, maybe this idea isn't so crazy after all. Thank you to all the hackers who have made the internet safer one vulnerability at a time. Hacking is here for good, for the good of all of us.

Related stories
Top stories
Story image
Cybersecurity
Continuous attack attempts discovered on Atlassian Confluence zero day
Following a coordinated disclosure of a zero-day vulnerability by Volexity in Atlassian Confluence, attackers went wild to exploit it.
Story image
Malware
Mandiant uncovers malware ecosystem deployed on VMware hypervisors and guest systems
Mandiant research has uncovered a novel malware ecosystem that was found deployed on VMware hypervisors and guest systems by an advanced and suspected China nexus threat actor.
Story image
Microsoft
Yubico research finds concerning trends around authentication security practices
A new global survey from Yubico has found that 59% of employees still rely on usernames and passwords as the primary method to authenticate their accounts.
Story image
Malware
Black Lotus Labs discovers new, multipurpose malware
Black Lotus Labs, the threat intelligence team at Lumen, has discovered a new, rapidly growing, multipurpose malware written in the Go programming language.
Story image
Apple
Jamf shows intent to acquire mobile security firm ZecOps
This acquisition positions Jamf to help IT and security teams strengthen their organisation’s mobile security posture.
Story image
Work from home
Jamf showcases new products to simplify and secure work
At the 13th annual Jamf Nation User Conference, the company shared how its continuous product innovation is helping organisations succeed with Apple.
Story image
Network Management
Fortinet introduces enhanced AIOps across its gateways
FortiAIOps builds on Fortinet's rich history of developing artificial intelligence to deliver actionable network insights for self-optimising management.
Story image
Kaspersky
Cybersecurity loopholes prevalent in South East Asia
In terms of the share of vulnerabilities with publicly available exploits, three countries out of top five are located in Southeast Asia.
Story image
Malware
Kaspersky uncovers new malicious malware NullMixer
Kaspersky researchers have uncovered a new malware stealing users credentials, address, credit card data, cryptocurrencies, and accounts.
Story image
Threat intelligence
Trellix advances threat intelligence with new research centre
Trellix has announced the establishment of the Trellix Advanced Research Center to advance global threat intelligence.
Story image
Cybersecurity
Best practices for industrial cyber resilience
Operational technology (OT) security is gaining more attention than ever before, but sufficient understanding of what it takes to prevent breaches is still lacking amongst many organisations.
Story image
Hybrid Cloud
Hybrid cloud security driving need for deep observability
Gigamon is bringing application and network-level intelligence together to help network, security, and cloud IT operations teams eliminate security blind spots.
Story image
Malware
Cybereason delivers nation-state level of protection to enterprises
Cybereason has announced new advancements in Cybereason NGAV that deliver nation-state level protection for organisations of all sizes.
Story image
Phishing
Vectra Protect team finds Microsoft Teams vulnerability
The Vectra Protect team identified a post-exploitation opportunity in August, allowing malicious actors to steal valid user credentials from Microsoft Teams.
Story image
Ransomware
Delinea updates DevOps security, remote access more seamless
New enhancements include development support on the most recent Mac computers and improved secrets' management usability through automation.
Story image
Cybersecurity
StackHawk launches deeper API security test coverage
Expansion of test coverage includes custom scan discovery, custom test scripts and custom test data for REST APIs.
Aws Marketplace
Learn how to implement a backup and recovery plan for a new generation of Kubernetes-based modern applications
Link image
Story image
Secure Code Warrior
Secure Code Warrior announces Coding Labs innovation
Coding Labs mechanisms allow developers to move from learning to applying secure coding knowledge more efficiently, leading to fewer code vulnerabilities.
Story image
Data Protection
99% of security experts unhappy with tokenisation investment
Cybersecurity experts are looking for a solution that provides the strength of tokenisation while removing the friction that has accompanied it in the past.
Story image
Software-as-a-Service
Varonis adds secrets discovery to data classification
The data security firm announces enhancements that detect and remediate overexposed private keys, encryption certificates, API keys, and authentication tokens.
Story image
Artificial Intelligence
Ordr improves security and management of connected devices
It has implemented more than 80 integrations within the Ordr Data Lake while adding security enhancements to accelerate zero trust segmentation.
Story image
Firewall
Forrester names Akamai as web application firewall leader
"We continually monitor and improve our capabilities to defend customers from new threats, while enabling customers to protect evolving attack surfaces."
Story image
Cloud
How modern IT architectures are moving beyond network visibility
Dealing with multiple cloud providers makes it difficult to identify security threats and performance bottlenecks and troubleshoot issues.
Story image
Cybersecurity
Video: 10 Minute IT Jams - An update from SearchInform
Val Novoselova joins us today to to discuss new trends in the information security space, and how SearchInform is adapting to some of the new trends we are seeing.
Story image
Edge Security
Security practices for modernising the “spaghetti” of on-premises IT
Many organisations are wondering how to securely modernise their workload, often made up of a “spaghetti” of on-premises applications and management consoles.
Story image
Cybersecurity
Employees unsure who to go to to report security incident
A new study shows more than 20% of the untrained global workforce do not know who to contact during a security breach.
Story image
Cybersecurity
Macroeconomic headwinds driving security up priority list
Current macroeconomic headwinds are driving security up enterprise’s priority list and reshaping the hardware Security Module market.
Story image
Malware
Decrease in malware volume, but surge in encrypted malware
The Q2 Internet Security Report found office exploits continue to spread more than any other category of malware.
Story image
Artificial Intelligence
Fortinet advances AIOps to aid the hybrid workforce
"We’re continuing our commitment to AI innovation by delivering AIOps capabilities across our robust portfolio of enterprise networking technology."
Story image
Software-as-a-Service
Enterprises yet to fully commit to cybersecurity - CompTIA
“Digital transformation driven by cloud and mobile adoption requires a new strategic approach to cybersecurity, but this poses significant challenges."
Story image
Cloud Security
75% of AU companies had cloud security incident in past year
According to new Venafi research, complexity is due to increase, as companies plan to host more applications in the cloud.
Story image
Legacy
Trellix enables greater cyber resiliency with extended XDR platform
"Legacy SIEM technology has failed to modernise security operations. We are confident Trellix XDR fills this critical gap.”
Story image
Cybersecurity
Ransomware attacks continue to increase, report finds
Nearly a quarter of businesses have suffered a ransomware attack, with a fifth occurring in the past 12 months.
Story image
Cybersecurity
Test your API Security with Infinite API Scanner
The effectiveness of API scanning technology can mean the difference between successful and unsuccessful programming outcomes, and often enterprises and IT leaders struggle to get it right.
Story image
Data Protection
Cloudflare brings Data Localisation Suite to more APAC businesses
This allows any business in these countries to service their data locally while benefiting from the speed, security, and scalability of Cloudflare’s global network.
AWS Marketplace
Whitepaper: A practical guide for mitigating risk in today’s modern applications
Link image
Story image
Enterprise
Delinea shares the importance of PAM, partners and security for modern enterprise
Identity-based security is becoming a crucial tool for modern enterprises as they continue to adapt to different working environments.
Story image
Cybersecurity
De-risking the innovation cycle – a modern, real-time approach to security
Many organisations see cybersecurity as an inhibitor of innovation, with burdensome protection measures standing in the way of progress and speed.
Story image
IT Training
Six ways to transform your cybersecurity training and influence lasting change
If the goal is to win hearts and minds, formal awareness training can fall short and often doesn’t inspire people to care.
Story image
Mobile Device Management
How to easily scale your mobile workforce and devices for the peak shopping season
Retailers are under constant pressure to streamline processes and become more efficient while looking for ways to improve customer satisfaction levels.
Story image
Virtual Private Network
95% of organisation rely on VPN as threats continue - report
There is a growing number of VPN-specific security threats and a need for Zero Trust security architecture in enterprise-level organisations.