First, let's start with a couple of definitions: What is a software Bug? Put simply, all programs that you use on a daily basis include errors and flaws that can produce incorrect outputs, unexpected results or behaviors. Most software programs go through rigorous software testing to eliminate the most salient issues, but many issues can slip through the cracks. What is a Bug Bounty Hunter? Typically, this is a software programmer/hacker that searches for bugs in software. They get rewarded for reporting issues found in software code to the software manufacturers.

 In todays cybersecurity world, Bug Bounty Hunters are helping to improve software by allowing organizations to fix problems before malicious hackers can expose and exploit vulnerabilities. One advantage of this modern approach to computer security is the Bug Bounty Hunters have to approach finding vulnerabilities from the same perspective as malicious hackers. This means they have to be as creative and resourceful as malicious hackers and are able to discover novel methods of exploitation that normal software testing would miss. Second, it provides an opportunity to recruit potential malicious hackers to earn big paydays by doing the right thing and reporting vulnerabilities to corporate bug bounty programs.

 Bug Bounty programs have been around for a long time, companies such as Mozilla and Netscape pioneered bug bounty programs. Hacker bounty payments continue increasing year over year. According to data from BugCrowd, a bug bounty program company calculates that Bug Bounty Hunters prevented $8.9 billion in cybercrime by fixing bugs before they could be exploited. Bug Bounty Hunters will inevitably secure work because software code will always contain bugs. Therefore, I expect we will continue to forecast growth in this space.

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