Cybersecurity: Hackers make millions of dollars for discovering security holes in software

Teddy Joe
Cyber Affairs Correspondent

2 hours ago

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Hackers regularly host events attended by its hackers

In 2020, hackers earned a record $ 40 million ($ 28 million) for reporting software damage through a leading reporting service in lieu of bonuses.

Hicker One said nine hackers made more than a million dollars following the discovery of distressed organizations.

The total income of the Romanian man who started hunting for computer disabilities two years ago has exceeded 2 million. The pirate, who earned $ 370,000 last year, is one of the UK’s highest earners.

The platform concluded that pandemic volunteers were given more time to move forward in this endeavor.

A survey conducted by “Hacker One” indicated that 38 percent of people spent more time on piracy after the Kovid-19 eruption.

Many of the respondents work part-time and are located in dozens of countries, including the United States, Argentina, China, India, Nigeria and Egypt.

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Katie finds security vulnerabilities in her spare time

The amount of money given to a hacker depends on the severity of the security vulnerability detected, and can range from less than $ 140 to a very high amount.

California-based Hacker-One charges subscription fees to companies that use its platform.

Katie Paxton-Fair, a British lecturer at the University of Manchester, says to deal with security vulnerabilities during free time.

While making money is a good thing, they say it’s not a rich-quick business.

“I made about ,000 12,000 in 12 months,” she told the BBC.

“I remember the first time I discovered danger. I was scared and trembling. I realized what I had done was amazing. I saved people from a very big security hole.”

“I’m not just spending my time to win a prize. I’m actively helping to secure the apps I use, which is why it’s challenging, out of a desire to do something good,” she said.

Another French-based platform, Yes-V-Hack, said the 22,000 hackers working for it had doubled their security risks by 2020 compared to last year.

This platform does not publish numbers related to monetary rewards earned through its service.

Chief executive officer Gillum Vasu-Hollier said more senior security officials have sought to secure information by giving bonuses to those vulnerable to security, given the new risks and the importance of cybersecurity, which could help companies overcome financial crises. Of the company.

Another company, information security platform Bag-Crowd, has seen a 50 percent increase in content exposure on its platform over the past 12 months.

Commercial programs that specialize in giving bonuses to those who find security vulnerabilities have become popular over the past five years, but some experts believe that there are security holes in the system if it is overly dependent.

Victor Jeffers, an Internet security researcher who runs the GDI Foundation Foundation in the Netherlands, which is responsible for detecting risks, said he never received money for what he did.

“We do not participate in the rewards for those who find security vulnerabilities because they are sometimes too narrow and allow researchers to search for security holes in certain parts of the system,” he added.

“We want to look morally where there are loopholes and protect our freedom,” he said.

“But these commercial platforms are great for rewarding junior researchers, Internet security students, and those who find security vulnerabilities because they provide the user with a lot of protection and resources, and are a great place to start,” he said. .