Report Say, Hackers Surpassed $82 Million in Bug Bounties - TNBCLive

Hacking has become a viable career in real, and recently full-time ethical hackers have earned more than $82 million in bug bounties on HackerOne. The community has expanded to over 600,000, with nearly 850 hackers registering any given day. According to San Francisco-based bug bounty platform HackerOne’s “2020 Hacker Report”, nearly 18 percent of these hackers are full-time hackers. They always search for vulnerabilities and make the internet safer for people. 

Hackers from 170 countries, including India, are working daily to protect 1,700 companies and government agencies on the HackerOne platform. Last year, US Hackers gained 19 percent of all bounties, India won 10 percent, Russia 8 percent, China 7 percent, Germany 5 percent, and Canada 4 percent.

Luke Tucker, the Senior Director of the Global Hacker Community said, “Hackers are a global force for good, working together to secure our interconnected society.”

“Their reasons for hacking may vary, but the results are consistently impressing the growing ranks of organizations embracing hackers through crowdsourced security” leaving us all a lot safer than before,” Tucker added.

In the Asia Pacific region, hackers from China, Singapore, and other countries earned over 250 percent more than in 2018. Hackers from Switzerland and Austria gained over 950 percent more than in the previous year. Hacking helps most of the hackers to find a better career opportunity by providing them with valuable professional experience. In 2019, hackers earned approximately $40 million bounties that are equal to the bounty totals for all preceding years combined.

“It started in the darkest underbelly of the internet, where hackers roamed the online world in search of vulnerabilities. It later grew into a respectable hobby, something that talented people could do on the side. Now it’s a professional calling,” said Tucker.

Online food delivery app Zomato has paid more than $100,000 to 435 hackers so far for finding and fixing bugs on its platform. Renowned smartphone brand OnePlus has set up a Security Response Centre that would offer a bug bounty to hackers, who will find and report on potential threats to the company’s systems. OnePlus kept the bounty amount from $50 to a maximum of $7,000.

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