Crowdsourced security platform Bugcrowd announced it paid over $500,000 in bug bounty rewards during the last week of October.

Bug bounty program could represent an excellent opportunity to monetize your passion, in just one week crowdsourced security platform Bugcrowd announced it paid over $500,000 in bug bounty rewards at the end of October.

Bugcrowd is used by many enterprises, it allows them to manage bug bounty programs, penetration testing, and vulnerability disclosure.

In October, the platform paid a total of $1.6 million to over 550 hackers, the biggest payout was of over $40,000. It marked significant progress in respect five years ago.

“The Crowd also surfaced more than 300 P1s! Looking back to October 2014, we paid out nearly $30,000 to 85 hackers, and uncovered five P1s.” reads a post published on Bugcrowd website.”In a matter of a five-year span, we’ve exponentially multiplied payouts, Crowd engagement, and critical findings, and to say we’re excited is an understatement.”

According to Bugcrowd, the payouts are increasing year after year, in 2019 experts observed an increase of more than 80% over the payouts assigned during 2018.

“As more organizations reach security maturity and trust in the value of the Crowd, we will continue to see more programs launch and pay out in higher sums. Great news for our researchers, both new and experienced on the platform.” Bugcrowd concludes.

“For those just starting out, we’re always committed to growing our community and uplifting the skills of our hackers. That’s why we launched Bugcrowd University in 2018, offering free, ungated resources co-curated by our community and security experts to help other hackers hone their skills.”

Pierluigi Paganini

(SecurityAffairs – bug bounty program, hacking)