Have Bug bounties finally become mainstream?

LAS VEGAS – Though enterprises were once tentative about using so-called bug bounty programs to detect vulnerabilities, researchers are proving to be effective and trustworthy partners in assessing security risks.

Bugcrowd’s inaugural “State of Bug Bounty Report” highlights the bourgeoning economy of bug bounties. In short, a growing reliance on the skills of security researchers across the globe is building a competitive platform for traditional hackers the world over.

During its 2 ½ year-long study, Bugcrowd – a cybersecurity firm that combines a vulnerability platform with a crowd of security researchers – reported that they had, “Discovered a total of 729 high-priority vulnerabilities across 166 programs, where 175 of those vulnerabilities were deemed ‘critical’ by trained application security engineers.”

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Story added 10. August 2015, content source with full text you can find at link above.