Written By :Appsierra

Tue Apr 23 2024

5 min read

What Are Bug Bounties and How Do They Work?

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Bug Bounty

Bug bounty platforms permit autonomous security scientists to report bugs to an association and get rewards or remuneration. These bugs are typically security adventures and weaknesses, however, they can incorporate interaction issues, equipment flaws, etc.

The reports are normally made through a program run by a free outsider (like Bugcrowd or HackerOne). The association will set up (and run) a program curated to the association’s requirements. 

Projects might be private (invite only) where reports are held classified to the association or public (where anybody can sign up and join). They can happen over a set period or with no closure date (however the subsequent choice is more normal). 

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What is Bug Bounty?

Bug bounties (or “bug bounty platforms”) is the name given to an arrangement where you can discover “bugs” in a piece of programming, site, etc, in return for cash, acknowledgement, or both. Consider it offering a prize to any individual who can discover security issues so they can be fixed before they become an issue. 

Who Uses the Bug Bounty Platform? 

Many significant associations use bug bounties as a piece of their security program, including AOL, Android, Apple, Digital Ocean, and Goldman Sachs. You can see a list of the relative multitude of projects offered by significant bug bounty suppliers, Bugcrowd and HackerOne, at these connections. 

Why do Organizations Use the Bug Bounty Platform? 

Bug bounty platforms enable organizations to saddle an enormous gathering of hackers to discover bugs in their code. This gives them admittance to a bigger number of hackers or testers than they would have the option to access on a one-on-one premise. 

It can expand the odds that bugs are found and answered to them before malicious hackers can exploit them. It can be a decent advertising decision for a firm. As bug bounties have gotten more normal, having a bug bounty platform can motion toward people in general and even controllers that an association has a developed security program. 

This pattern is probably going to proceed, as some have begun to see bug bounty platforms as an industry-standard which all associations ought to put resources into.

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Reasons Why Hackers Take Part in Bug Bounty Platforms? 

Finding and revealing bugs through a bug bounty platform can bring about both monetary rewards and acknowledgement. It tends to be an incredible method to show true experience when you’re searching for a task, or can even assist acquaint you with people in the security group inside an association.

This can be full-time pay for certain people, pay to enhance a task or an approach to risk your abilities and find full-time work. It can be enjoyable as it’s an extraordinary (lawful) opportunity to try out your abilities against large organizations and government offices. 

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What are the Drawbacks of a Bug Bounty Platform for Autonomous Researchers and Hackers? 

Several hackers participate in these sorts of projects, and it very well may be hard to make a lot of cash on the stage. To guarantee the prize, the programmer should be the primary individual to present the bug to the program.

That implies that by and by, you may go through weeks searching for a bug to misuse, just to be the subsequent individual to report it and bring in no cash. Generally, 97% of members on significant bug bounty stages have never sold a bug.

Bug Bounty 

Indeed, a report from HackerOne affirmed that out of more than 300,000 enlisted clients, just around 2.5% got a bounty in their experience on the stage. Most programmers aren’t getting a lot of cash on these stages, and not many are making enough to supplant a full-time compensation (in addition to they don’t have benefits like get-away days, medical coverage, and retirement arranging). 

Why Bug Bounty Platform is not Appropriate for Each Association

An association needs to arrive at a specific degree of development in its security program before a bug bounty platform can be successful. The greatest inquiry an association needs to pose is whether they will want to fix any distinguished vulnerabilities. 

If they can’t do as such inside a sensible measure of time, a bug bounty platform presumably is certainly not a smart thought. If the association is battling to actualize fundamental fix the board or they have a large group of other distinguished issues that they are battling to fix, at that point the extra volume of reports which a bug bounty platform will produce is anything but a smart thought.

A bug bounty platform turns into a smart thought when there isn’t a backlog of recognized security issues, remediation measures are set up for tending to distinguished issues, and the group is searching for extra reports. 

Also, while sites are normally acceptable focuses for bug bounty platforms, a profoundly particular objective, for example, network equipment or in any event, operating systems, may not draw in enough members to be beneficial. 

Finally, the measure of prestige or money afforded by effectively presenting a report for various associations may affect the number of members and the quantity of profoundly skilled members (that is, announcing a bug for Apple or Google may convey more distinction than a bug for an organization which isn’t also known). 

What are the Disadvantages of Bug Bounty Platforms for Associations?

These projects are just advantageous if the program brings about the association discovering issues that they couldn’t get themselves (and if they can fix those issues) If the association isn’t sufficiently mature to have the option to rapidly remediate distinguished issues, a bug bounty platform isn’t the correct decision for their association. 

Additionally, any bug bounty platform is probably going to draw in countless entries, a large number of which may not be excellent entries. An association should be set up to manage the expanded volume of alerts, and the chance of a low sign to commotion proportion (basically that almost certainly, they’ll get many pointless reports for each accommodating report). 

Challenges of Bug Bounty Programs:

  • Failure to Attract Adequate Participants: Programs may struggle to draw in enough members with the right skills, rendering them ineffective for the organization's needs.
  • Focus on On-Site Weaknesses: Majority of bug bounty participants concentrate on on-site vulnerabilities (72% according to HackerOne), while only a small fraction opt for operating system vulnerabilities (3.5%), posing challenges for organizations seeking comprehensive testing within a specific timeframe.
  • Potential Risks: Allowing external researchers to probe your network can be risky. It may result in public disclosure of bugs, damaging the organization's reputation and deterring potential customers. Moreover, exposure of vulnerabilities to malicious third parties can pose serious security threats.

Bug Bounty Platforms Vs Hired Penetration Testers? 

Regularly these two strategies are not directly equivalent – each has qualities and vulnerabilities. If the association would profit more from having more individuals (of fluctuating ability levels) taking a look at an issue, the application isn’t especially delicate, and it doesn’t need explicit skill, a bug bounty is most likely more suitable. 

If the application is internal/sensitive, the issue requires explicit skill, or the association needs a reaction inside a particular time, a penetration test is more suitable. 

What are the Alternatives to Bug Bounty Platforms? 

To start with, associations ought to have a vulnerability divulgence program. This gives a protected channel to researchers to contact the association about the recognized security vulnerability, regardless of whether they don’t pay the specialist. 

Centralized Resource: 

A designated point of contact can streamline communication with the security team, ensuring reports are handled promptly and seriously.

Incentivizing Reporting: 

Providing clear guidelines on how to report vulnerabilities encourages researchers to disclose findings promptly.

Penetration Testing Firm: 

Hiring a penetration testing firm allows for targeted, time-limited assessments of specific systems or applications.

Curated Testing: 

Pen testers work towards predefined objectives and provide a comprehensive report at the end of the test, ensuring the organization receives skilled expertise at a known cost.

Customized Skill Set: 

Organizations can request testers with specific skills and ensure confidentiality throughout the testing process.

Non-Disclosure Agreements: 

Testers may be required to sign NDAs and assess highly sensitive internal applications.

One-Time Engagement: 

Penetration testing is typically a one-time engagement, distinct from ongoing bounty programs.

Payment Structure: 

Pen testers are compensated regardless of whether they find vulnerabilities, unlike bug bounty programs where researchers are rewarded only for successful bug reports.

Conclusion

Bug bounties were given out by organizations that normally have severe standards in which entries need to continue to be acknowledged or thought about qualified for instalment. This is in part to shield the organization from spam yet, besides, to make it simpler to fix any issues which are recognized. 

For instance, one regular principle is that any bug found ought not to be imparted to any other person until the site offering the vulnerability has been educated. That way the vulnerability can be fixed before others know it’s there.

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