A quick look at cybersecurity trend in the digital economy as cryptocurrency becomes widespread is definitely a wake-up called to crypto expert, professionals and enthusiast alike. However, despite these threats, the popularity of cryptocurrencies has continued to soar with new currencies been lunch every day. There are huddles every new technology must overcome for it to be accepted by the mainstream and cyber security vulnerabilities within the ecosystem further delays wider societal adoption hence, a decentralized economy needs a more advanced decentralized security architecture.
According to Cybersecurity Insiders,“ It is no news that $30 million worth Ethereum Currency was stolen by hackers through a cyber-attack launched on the three of the largest wallets on a recent note. The latest heist launched on the multi-sig wallets of Ether happens to be a major cyber-attack to have hit the Cryptocurrency space. However, the good news is that an anonymous white hat group managed to save over 377,000 ETH to multiple wallets which amount to $75 million”
Imagine an incentivized platform where whitehats are motivated to find vulnerabilities even before they happen, and certified penetration testers are linked globally to clients. Buglab is presenting an etherium based platform that connects companies with a global network of expert security researchers to tackle and forestall possible attacks within the blockchain ecosystem and beyond.
Traditional Penetration Testing and Bug Bounties
The billable hours model and pay-per-vulnerability structures of bounties have failed to address deficiencies in account and reward for value as clients could not get a full benefit for their spending. The large number vulnerability uncovered by researchers during bug bounties virtually adds little or no value to clients with no thorough analysis carried out. Available models have failed to leverage on skillsets available by assigning only a few pentesters to carry out assignments. Hence, the need for a more robust platform with the ecosystem that is efficient and resourceful enough to leverage on the abundance of talent to carry out assignments with skilled precision within a time frame is a required.
[How it works]
Staying Ahead With Buglab Vigilante Protocol
With rising cyber threats and new hacking techniques been devised every day, Buglab keeps you ahead of these threats. This is done by providing an avenue for whitehat to share their vulnerability discoveries. Buglab, working in conjunction with CERTs all over the world to verify those vulnerabilities and notify companies at risk thereby, providing a proactive response to security threats within the ecosystem.
A Contest Approach To Linking Clients
Motivation and productivity are two factors that can’t be separated in an environment where end result is a priority. Buglab links an incentivized network of global cybersecurity pentesters with clients. The contest which is time-limited is used to reward testers based on their discoveries. The platform provides a real-time collaboration between penetration testers who are certified with full customization for specific needs.
Security Solution That Fits Your Needs
An innovative solution that meets specified needs for businesses and companies to effectively manage their digital assets can only be possible when it suits everyone. The platform gives small and medium businesses an attainable and sustainable way to secure their digital assets with ease. It also creates an environment for partnership with Computer Security Incident Response Teams, for building a sustainable vulnerability prevention system to help protect companies. An opportunity is made possible for experts and researchers looking for a genuine way to help businesses and be rewarded for their effort. Buglab provides an all in one solution for your website, company, mobile apps, and IOT devices.
For More Information:
Website: https://buglab.io/
Twitter: https://buglab.io/assets/docs/Buglab_WhitePaper.pdf
Reddit: https://www.reddit.com/r/buglabProject/
Facebook: https://www.facebook.com/buglab.co
Telegram: https://t.me/buglab
Author: https://bitcointalk.org/index.php?action=profile;u=2131555