HackerOne: A Revolution In Cybersecurity

What Is HackerOne?

HackerOne is a weakness coordination and bug bounty project in the cybersecurity sector that links businesses with cybersecurity experts and penetration testing.

It was among initial organizations, along with Bugcrowd and Synack to accept and make use of cybersecurity as well as security experts as a backbone for its business design.

HackerOne is the greatest cybersecurity organization of its kind. The company has paid more than $100 Million of bounties to this date.

HackerOne has its HQ located in San Francisco. The organization manages an office in Groningen, Netherlands. Back in April 2017, the organization declared that they will be adding offices in Germany and the United Kingdom.

What Is a Bug Bounty Program?

A bug bounty program is an agreement provided by several websites, software developers, and organizations by which folks can gain compensation and identification, for telling about bugs, particularly the ones possessing a threat to security weaknesses and exploits.

These initiatives enable the devs to find and fix bugs before it comes under the attention of people, safeguarding the entities from events of extensive abuse.

Organizations outside the tech sector, involving conventionally conservative entities such as the United States Department of Defense, have begun to utilize the bug bounty programs.

The Pentagon’s utilization of bug bounty programs is an element of posture change that has experienced numerous US Government Agencies reverse course from menacing white hat hackers with legitimate recourse to welcoming them to take part as an element of complicated vulnerability disclosure structure or policy.

HackerOne Bug Bounty Programs For Vital Organizations

HackerOne has offered bug bounty programs to several prominent organizations for fixing any security vulnerabilities.

Multinational tech giant Amazon is accepting weakness reports arising from Log4j library RCE for all the assets within organizations bounty qualified IN-SCOPE ASSET LIST.

The Android Security reward program identifies the participation of security experts who gives their efforts and time in assisting the organization to escalate the security of Android.

For Big basket, security is a top-notch priority, and the organization takes it into major consideration. HackerOne offers a plethora of efforts into the mechanisms, structure, and application for assuring the safety and security of BigBasket’s customers.

HackerOne’s Bug Bounty Programs in Cryptocurrency Sector

BlockFi is eyeing to work towards the security community to discover weaknesses for maintaining safety of clients and businesses. It is making astounding attempts to attain SLAs (can be seen on the website) for hackers taking part from the program.

Similar to BlockFi, Cardano Foundation is also working with security community to identify weaknesses for maintaining safety and security of business and its clients.

In the case of Coinbase, an update was made on HackerOne’s website, stating that they will be providing a $30,000 bonus to any analyst who will identify vulnerability to specific issues.

Enjin network has a sheer focus towards its security, and in spite of too much attention to details, it was identified that bugs are still crawling inside all tech components.

For Ethereum, it has a crystal clear objective, offering steady protocols as well as safe software upon genesis block generation. 

HackerOne Glassdoor Bug Bounty Program rewards depends on criticality per Common Vulnerability Scoring Standard (CVSS)

HackerOne Roblox Bug Bounty Program enable folks to report any bugs or security vulnerabilities within the scope of the organization.

Many other entities are working with HackerOne, such as, Crypto.com, Epic Games, Facebook (Now Meta), Google, Google Play Store, Instagram, and numerous more organizations.

HackerOne Key Events and Live Hacking

During February 2017, an invitation-based hackathon was conducted by HackerOne, piling up security analysts all across the globe to hack Shopify and Airbnb, e-commerce websites, to hack them.

This was HackerOne’s second hackathon, where it hosted the initial one in Las Vegas back in August 2016 during Black Hat Security Conference.

During 2018, HackerOne conducted Live hacking events in several towns throughout Asia and the United States. Where an individual from Asia (India) won 1st place and got a $1 Million bounty as a reward, and more than $1 Million were awarded in next events, where Verizon Media paid more than $400,000 bounties during an exclusive event in San Francisco back in April 2018.

During 2017, HackerOne conducted their initial conference, known as Security@ San Francisco. That event involved speaker from Uber, General Motors, and DoD, and called attention to people through debates by hackers.

HackerOne Financials

HackerOne has made an investment in Remote during April 2020. Invested amount in this seed funding round was worth $11 Million.

HackerOne has piled up a sum of $159.4 Million in 5 funding rounds. During 2014, it raised a total of $9 Million in a Series A funding round where lead investor was Benchmark.

The following year, in a Series B round, a total of 9 investors were involved in raising $25 Million for HackerOne, where lead investor remained New Enterprise Associates.

In 2017, during Series C funding, HackerOne gathered $40 Million with the involvement of 4 investors, where the leading investor was Dragoneer Investment Group.

During 2019, in Series D funding round, $36.4 Million were raised, with the involvement of 5 investors, where Valor Equity Partners were the top investors.

In a latest Series E round, it piled up the most funds to date, $49 Million, where the leading investor remained GP Bullhound.

Why Is HackerOne Vital For Organizations?

As already mentioned, HackerOne is a bug bounty and vulnerability coordination platform, which assists the entities to help resolve conflicts regarding security.

Security is a prime concern for any organization on this planet, no matter big or small. In spite of the strongest of securities stationed by the companies, some bugs are constantly crawling, which can compromise the entire security of an organization.

Organizations and other entities can approach HackerOne, to report persisting issues regarding organization security, which will then be resolved by the organization.

This type of service is vital for all the businesses or any other entities operating in the market. As of now, every organization is digitized, and there is always something to look forward  to ensure robust security.