Bug Bounty – 10 Things You Should Know

Joy Akurienne Coker
Attorney Editor Thomson Reuters

Bug Bounty has become a buzz phrase lately. With unprecedented cyber breaches and attacks, it’s no surprise that many companies and institutions are turning to bug bounty programs.

What is Bug Bounty?     

According to AT&T Cybersecurity, creator of Open Threat Exchange, the largest crowdsourced computer security platform, “Bug Bounty programs allow white-hat hackers and security researchers to find vulnerabilities within a corporation’s (approved) ecosystem and are provided recognition and/or monetary reward for disclosing them.”

These programs recruit ethical hackers to find system flaws and are . . .

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