Bug Bounty Program

Definition

A deal offered by many websites, organizations and software developers by which individuals can receive recognition and compensation for reporting bugs, especially those pertaining to security exploits and vulnerabilities.

Why it matters

Bug bounty programs incentivize ethical hackers to identify and report security vulnerabilities, allowing organizations to proactively fix weaknesses and enhance overall security. By tapping into a diverse global pool of researchers, these programs provide a cost-effective approach to security testing that complements traditional methods.