In the last couple of years, we have witnessed an unprecedented growth in cybercrime across the globe.
We have seen software vulnerabilities or simple human errors resulting in malware attacks that have led to ransomware deals and reputational damages. Cybersecurity Ventures expects global cybercrime costs will rise by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025.
Given the scenario, our future nowhere seems free of cybercriminals. Organizations need to find and fix bugs faster than cyber criminals do.
Enter companies like BugCrowd, HackerOne and Intigriti, where a globally distributed network of security researchers, compete with each other to uncover unknown bugs and provide expert insights into their attack surface to bolster the security posture.
BugCrowd’s Inside The Mind of A Hacker report presents some of the most interesting facts and figures that were captured between May 1, 2020 to August 31, 2021.
- 80% of hackers encountered a vulnerability they had never seen before.
- $27B of cybercrime prevented by ethical hackers working on the Bugcrowd Platform.
CISOs and other security professionals are hard-pressed upon securing their business. Inviting a large pool of crowdsourcing-powered hackers to share their insights means security teams can extend their reach and expertise to be better prepared for emerging threats at a relatively lower cost. Their specialized skills, domain expertise, and different approaches from a broad range of backgrounds can help drive innovation and lead to more impactful mitigation of vulnerabilities. A world where speed and security play a critical role, this approach can give companies an added advantage.
DynamicCISO has identified and is happy to feature eight ethical hackers from India, who we call Super Bug Hunters, who are motivated by a desire to do good in the world. Our objective is to give them proper recognition in the InfoSec domain.
Take a look at the list of previous year’s Super Bug Hunters.
DISCLAIMER: The ranking is based on the bounty earned. If you earned more than $5000 and your name is not listed there, please let us know. We will be glad to add your name to the DynamicCISO Super Bug Hunters list.
We wish you all more power along your journey.
Stay motivated and keep data secure!