A bug bounty, also known as a vulnerability reward program, is an initiative offered by many organisations and websites to encourage security researchers, ethical hackers, and enthusiasts to identify and report potential security vulnerabilities in their systems. These vulnerabilities, if left unaddressed, could be exploited by malicious actors, resulting in significant harm to the organisation and its users.
In this article, we will explore the concept of bug bounties and their role in promoting cybersecurity in the Australian landscape.
What is a Bug Bounty?
The aim of these programmes is to encourage independent security researchers, ethical hackers, and cybersecurity enthusiasts to find and disclose potential issues in a responsible manner, rather than exploiting them maliciously.
By offering incentives, organisations can attract a diverse range of expertise and perspectives to help strengthen the security of their software or systems. Bug bounty programmes also help in fostering a positive relationship between organisations and the security community, as well as promoting a proactive approach to cybersecurity.