With a mission to mitigate the cybersecurity gaps in the digital enterprises and companies, Buglab, for the first time has introduced Ethereum blockchain-based cybersecurity penetration testing that is versatile, accessible and reliable. The company, which just embarked on the crowd sale campaign aims to assist companies across domains, including IT, financial services, retail etc., to identify and mitigate cybersecurity risks in a proactive manner.

Buglab has gained the crypto-community’s attention by organizing an airdrop, participated by over 20,000 people. It has also received a great reception at the recently concluded ICOrace in Switzerland, where the project was listed among the finalists. Buglab has opened the whitelisting process for the upcoming token sale, which started on June 10, 2018. Those interested in being part of the movement can also benefit from the associated bounty campaign.

The Background

Today’s computing environment is dynamic and complex. Demand for cybersecurity professionals exceeds supply as hackers develop ever more advanced schemes that target countless companies, both large and small. As predicted by Gartner, the information security related expenses across the globe is expected to cross $93 billion in 2018. In the current scenario, any company, with just about any kind of software could be at risk. They also face a huge legal risk potentially resulting from compromised authentication systems or leaked confidential data. The situation calls for increased proactive approach to cybersecurity and widespread implementation of best industry practices when it comes to the development and maintenance of software applications.

How Does Buglab Address This Challenge?

The Buglab platform detects and remedies vulnerabilities on various business applications, websites, mobile applications, Internet of Things (IoT) devices, and smart contracts by leveraging the power of crowd. The platform transforms penetration test services into challenges, referred to as contests, for a community of independent information security consultants with certified qualifications.

The Buglab platform enables customers to either use the mass of pentesters or choose a validated team from a known company. Teams must include no fewer than five pentesters. A variety of customizations are available, specific to your organizational needs.

The platform’s design offers multiple solutions against the threats of cybercrime. Using either the Professional or Enterprise plans gives clients access to private teams. For example, a penetration test contest might be closed to all but a preselected team, depending upon the sensitivity of the data. Alternatively, a business may choose from other packages to use an open contest model to address system vulnerabilities.

The core features of the platform include:

Real-time reporting

Content scoring

Vulnerability Timestamp

Fix companion

Money-back guarantee & more

Buglab at Events

Buglab has been part of various major industry events. The platform recently gained a lot of traction at the ICOrace- Lugano, held on June 6, 2018. The Buglab team also participated in the Blockchain Economic Forum- San Francisco, held on June 16, 2018, and will be there at the upcoming Dubai International Blockchain Summit next month.

To know more about the platform and to visit the team at the above-mentioned mega-events, please visit https://buglab.io/