October 28, 2023 at 02:18PM
HackerOne, a bug bounty platform, has awarded over $300 million in rewards to ethical hackers since its inception. Thirty hackers have earned over $1 million, with one receiving $4 million for his bug reports. On average, it took organizations 25.5 days to resolve reported bugs this year, a 28% improvement. Crypto and blockchain entities are popular among hackers, with the largest bounty paid being $100,050. The median price of a bug on the platform is $500, rising to $3,000 for critical flaws. AI is increasingly used by hackers, with 61% planning to use it to find vulnerabilities.
Based on the meeting notes provided, here are the key takeaways:
1. HackerOne has announced that it has awarded over $300 million in bug bounty rewards to ethical hackers and vulnerability researchers since its inception.
2. Thirty hackers have earned over a million USD for their submissions, with one individual receiving over $4 million for their bug reports.
3. HackerOne is a bug bounty platform that connects organizations with ethical hackers who identify and report vulnerabilities in exchange for rewards.
4. On average, it took organizations 25.5 days to resolve reported bugs this year, showing a 28% improvement compared to last year.
5. Crypto and blockchain entities attract the most attention from ethical hackers on the HackerOne platform due to the promise of high payouts. The largest bounty paid this year was $100,050 from a crypto firm.
6. The median price of a bug on HackerOne is $500, while the average payout for critical and high-severity flaws across all industries is $3,700.
7. Pen-testing engagements on HackerOne have risen by 54% this year, indicating a growing interest in this type of activity on the platform.
8. Over half of the ethical hackers on HackerOne use generative AI to write better reports, code, and overcome language barriers. Additionally, many plan to utilize AI tools to find more vulnerabilities in the future.
9. Ethical hackers are divided on whether AI will lead to safer software products or an increase in vulnerabilities.
10. Factors that motivate hackers to participate in bug bounty programs include bounties, the opportunity to learn, varied scope, and quick payments.
11. Factors that discourage hackers from engaging in bug bounty programs include slow response times, limited scope, poor communication, low bounties, and negative reviews.
For anyone interested in participating in HackerOne’s bug bounty program, they can browse the directory of companies to learn more about the scope of bug finding opportunities.