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Samsung Adopts Bugcrowd to Manage Mobile Security Rewards Program

Samsung Adopts Bugcrowd, Offering up to $200,000 Per Vulnerability ThroughMobile Security Rewards Program

Bug bounties are cost-efficient partial solutions to the security skills gap. In 2015, Dice reported that that a Lead Software Security Engineer could cost more than $200,000 per year in salary, while an application security manager would cost more than another $150,000.

Employing an in-house team to continuously probe products, software, firmware and all updates for security bugs rapidly becomes an expensive exercise, with -- frankly -- no guarantee of success. Failure to find and fix security bugs and vulnerabilities before they are exploited by criminals, however, could rapidly become even more costly.

Bug bounties help to solve this problem by tapping into the largest available market of top-class security expertise -- the white hat hacker community -- and paying only on results. Adequate bounties further encourage white hat hackers to conform to a responsible...(continued)

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