The Cardano Foundation had annunciated delightfully that they are collaborating with HackerOne on Cardano’s first Bug Bounty program.
A bug bounty program is a deal presented by numerous websites, associations, and software inventors. Individualities can admit recognition and compensation for reporting bugs, particularly those relating to security actions and liabilities.
Furthermore, HackerOne, known as the most notorious hacker-powered security partner worldwide with over 250 thousand valid liabilities reported. Altogether with the Cardano Foundation, their mutual Bug Bounty program will handle the power of HackerOne’s ethical hackers and active processes. This supports them in securing that the Cardano blockchain is the most stable and dependable blockchain possible for the next months to come.
The Bug Bounty Program
The Cardano codebase will sample for any pursuance bugs found. This characterizes critical liabilities or capabilities employed to core Cardano factors. Incentivized decent hackers find liability and responsibly describe them to mend. This is before any hazardous compensation done and this is through a bug bounty program.
Additionally, Project Manager at the Cardano Foundation, Jeremy Firster, particularized the importance of the Bug Bounty Program. He mentioned that Cardano is a leading blockchain ecosystem that desired to empower integrated blockchain results universally. They committed to conserve the loftiest norms and commitment to code translucency. They commit the solidity to secure that the protocol remains workable for mission compelling operations delegated around the world. This ranges from individuals, start-ups, crapshoots, fiscal institutions, governments, and the like.
This next step in security protection will help them become the most stress-tested and determinedly preserved blockchain. This is a brilliant gesture for stakeholders to know the virtues they bring up in security and public safeness. The continued development in user activity and wide-ranging participation from financial institutions and the venture sector anticipates no lesser from them.
HackerOne’s Partnership with Cardano
HackerOne is the partner of choice in launching the bug bounty program for Cardano. The decent hacker community served over 2,400 clients and submitted more than 230,000 valid reports. As Cardano ecosystem continues to develop and add new features to the ecosystem, it remains a priority to assure the protocol is safe. At the same time making sure that all bugs noted are handled properly and transparently. The allegiance to public security is another element of Cardano Commercially Critical Infrastructure (CCCI). A Cardano Foundation action in helping the growing institutional potentials of the Cardano ecosystem.
Tor Abrams, Account Manager from HackerOne responded when asked about their involvement with the Cardano Foundation Bug Bounty Program. He said that the testing, finding, and safely reporting real-world security weaknesses for organizations across all industries and attack surfaces are still ongoing.
HackerOne provides organizations admittance to the biggest community of hackers in the world. This ranges from the US Department of Defense to Dropbox, as well as from Goldman Sachs to Google. Armed with the most immense database of vulnerability rages and assiduity marks, the hacker community mitigates cyber threats. Searching, chancing, and safely reporting real-world security derelictions for associations across all diligence and attack exteriors, makes it work.
No organization is vulnerable to security liability. The only answer is to find and patch them before they’re manipulated by cybercriminals. Ethical hackers can find susceptibility that automated scanners miss. They creatively allow and relate places where bugs could chain together to give an exploit.
This is something a scanner would not dare take time to pick up. Platforms like HackerOne can support organizations with furnishing triage services that diminish false cons and prioritize the most significant exertion. They also give retesting courtesies to make sure vulnerabilities have mended.
While bounties motivate a high proportion of hackers, 85 percent of them also do it to discover and multiply their skill sets. On the other hand, 62 percent do it to upgrade their careers. An appeal to do interest in the world also motivates hackers. This comes with 47 percent hacking to cover and safeguard businesses and individualities from cyber pitfalls.