The bounty hunter rewards program is a security measure used by companies and institutions to identify and address vulnerabilities in their systems (Al Jazeera)

In the digital age we live in and interact with today, data breaches have become commonplace, with more than 29 billion data records already compromised just seven weeks into the new year.

Cybercrime and data breaches have become rampant, and the threat of hacking is no longer a terrifying prospect, but rather a digital nuisance that everyone is prepared to face online.

The promising thing is that there are many solutions pursued by companies and institutions, of all sizes, to end this contemporary suffering.

Some of them appoint cyber experts, and some of them contract with companies expert in cyber solutions, but there are those who adopt a solution, which is not strange, as it is an application of the common proverb that says, “To catch a thief, think like a thief.”

In this area, to protect your digital assets from hackers, you may have to hire a hacker, as bounty hunter reward programs are the perfect choice here.

A bounty hunter bounty program is a security measure used by companies and organizations to identify and address vulnerabilities in their systems.

By inviting skilled hackers to test their defenses, these programs provide a way for companies to improve their security posture and protect their customers' data.

Bounty hunters are ethical hackers who use their technical expertise to find security flaws and vulnerabilities in digital assets.

This process can take a long time, but it offers many benefits to those hackers involved.

First and foremost, bounty hunting allows hackers to monetize their skills.

By identifying and reporting correct errors, they can earn significant financial rewards.

Additionally, bounty hunter bounty programs provide a way for hackers to expand their expertise and connect with a network of cybersecurity experts.

Moreover, the benefits of bug bounty programs extend beyond the hackers themselves.

Positive Technologies launched a bug bounty program offering a huge sum of $650,000 (Reuters)

The biggest reason for the high demand for these hackers is that data breaches and security vulnerabilities have serious consequences for companies and brands. In many cases, companies exposed to data breaches or attacks may never recover from the financial damage, or damage to their reputation.

By identifying and remediating vulnerabilities before they can be abused by leaking critical data or disrupting service, bounty hunters help companies become more resilient to attacks.

For hackers to be successful in hunting exploits and identifying vulnerabilities, they must have a solid understanding of secure practices and basic requirements of a bounty hunter.

They must also be able to identify unique and valid bugs within the defined scope of the program, and report them in a clear and concise manner, and in return for their efforts they can earn significant financial rewards and gain valuable cybersecurity experience.

So bounty hunter bounty programs provide a way for companies to improve their security posture and protect their customers' data, while providing a challenging and rewarding opportunity for skilled ethical hackers to use their expertise for good.

By working together, companies and vulnerability hunters can help create a safer digital landscape for everyone, which is what Positive Technologies decided to do.

Positive Technologies, a Russian cybersecurity company, has launched a bug bounty program offering a whopping $650,000 to the first hacker who can “perform two difficult types of hacking.”

The company invited security researchers from all over the world to test the effectiveness of its security systems by trying to insert malicious code into one of the company's products, or steal money from its accounts.

The approach is part of Positive Technologies' Positive Dream Hunting program, which pioneers ethical hacking with a huge reward.

The idea behind this program is to leverage the expertise of ethical hackers around the world to discover internal vulnerabilities at record speeds.

Through penetration testing, it exposes flaws in the entire system, allowing companies to identify specific loopholes in their security protocols and practices.

In November 2022, Standoff 365 hosted a bounty hunter bounty program, where participants were challenged to steal money from corporate accounts.

In cooperation with payment agents, Stand of 365 paid bounties to ethical hackers in various currencies in Russia and abroad.

In November 2023, Positive Technologies recreated part of its real infrastructure as part of Standoff 12.

This extensive exercise included software development, build and delivery processes, which tested the potential for malicious code to be introduced into these products.

Although participants failed to launch a “backdoor” attack on the source code of one of the company’s products, the event inspired the current $650,000 bounty.

Participants are required to place a malicious construct containing malicious code on the internal update server, but Positive Technologies prevents the spread of these malicious updates to its other products through internal security mechanisms.

In addition, in order to enhance results-based cybersecurity, Positive Technologies uses its own products equipped with the latest features.

The concept of bounty hunting rewards is not new, but Positive Technologies' approach is unique in its focus on unlikely events, which can lead to unexpected outcomes.

Alexei Novikov, Head of the PT Expert Security Center at Positive Technologies, believes that “launching a bug bounty program focused on unlikely, intolerable events is the only way for a CIO to And the company's senior management to test the effectiveness of its security systems.

By incentivizing hackers to discover vulnerabilities in their systems, Positive Technologies takes a proactive approach to enhancing global cybersecurity standards.

In conclusion, Positive Technologies' bounty hunter bounty program is a revolutionary approach to combating the growing threat of cybercrime and data breaches.

By leveraging the expertise of ethical hackers around the world, companies are promoting results-based cybersecurity and taking a proactive approach to enhancing global cybersecurity standards.

With the world's largest bug bounty, Positive Technologies sets a new standard for cybersecurity and paves the way for a safer digital future.

Source: Al Jazeera + websites