The scale and depth of the global hacker community is also increasing. Nine hackers from seven countries have earned more than $1 million on the Hacker platform. During the COVID-19 outbreak, hackers reported a 28% increase in the number of vulnerabilities reported every month. Before the outbreak of the epidemic, hackers had contributed US$30,000 to the World Health Organization (WHO) by investing time and energy and contributing to the community through the “Hacker for Good” program. At present, there are more than 830,000 registered hackers on the Hackerone platform, and more than 181,000 valid vulnerabilities have been submitted.
A bug bounty program is 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.
The average bonus payout for serious vulnerabilities increased to $3,650, an increase of 8% year-on-year. In 2019, the total bonus paid for hackers around the world exceeded US $44.75 million, an increase of 87% over the year before. This year, by May 2020, the total bonus paid had exceeded the $100 million mark and still increasing!
The U.S. is still the top player in the vulnerability reward program (aka Bug Bounty Program), which pays more than 87% of the total, but the proportion is declining as the number of vulnerability incentive programs in other regions increases. The bonus for the Spain increased by 4321%, Brazil by 1843%, China by 1429%, and other countries also have increased. The income of hackers in 100 countries increased year on year, with the fastest growth rate of 582% in China, followed by Spain (307%), France (297%) and Turkey (214%).
Through the years, the Global Security Vulnerability Incentive Programs that reward anyone that can find any security breach in systems has grown dramatically. North America still accounts for the majority, accounting for 69%, while EMEA alone accounts for 20% of all new plans, and the Asia Pacific region is up 93% year-on-year. The Asia Pacific market is rapidly maturing. Singapore’s planned number has increased by 164%, China’s by 67% and New Zealand’s by 40%. Japan, South Korea and Thailand also saw an increase in the number of plans. Therefore total bonus reward for hackers increased 87% year on year.
Among all, improper access control is the type of weakness that receives the most bonus from White Hat Hacker. They do Security Audit and check for companies to help them to prevent potential threat and get rewards for any breaches.
With such strong emphasis on Cybersecurity and Prevention worldwide, especially in Singapore, corporate IT professional should invest time and effort to learn the latest preventive technologies and hacking threats so to better protect their corporate IT system.
Singapore Government has introduced substantial course fee funding for IT professional to learn and equipped themselves with IT Security knowledge, they can take the certification test to be a Certified Information System Security Professional which is a globally recognized certification offered by the ISC2 (International Information Systems Security Certification Consortium).
To learn more CISSP course and certification do check out on the details or talk to our course consultant.