Becoming a big business– Hackers making money legally:
Last week, Google announced that it was changing the rules on its bug bounty program, Pwnium. Instead of a respectable $2.7million awarded once a year, the contest will now run year round, with a total prize pool of “∞ million*.” In other words the money never has to stop flowing, although Google’s clever asterisk placement reserves the right to cancel at any time.
Most importantly, a new breed of startups like Crowdcurity, Bugcrowd, Synack, and HackerOne have made it possible for any company to launch its own bug bounty, dramatically expanding the size of the market. Instead of being something only large technology companies do, bug bounties are now proliferating across all industries and for companies big and small, allowing these startups to pay out millions in rewards over the past two years.