Cyber Security offers several career options but, Bug bounty hunting proved to be a great expansion to this domain. Ethical hackers who find bugs or security issues on an online platform and disclose it to the firm rather than misuse it are labeled as Bug bounty hunters.
However, this field is still obscure and faces a lot of queries such as “Is Bug bounty program only an embellished name for ethical hacking?” “Who can become a Bug bounty hunter?” “How does Bug bounty programs functions?”
In this blog, we will discuss how much bug bounty hunters earn and break some common misinterpretations about Bug bounty hunting.
What Is Bug Bounty Hunting?
Errors or flaws which are often found in computer software, web applications and websites and responsible for corrupting that particular software are called “Bugs”. Industries want their software to function properly for providing a safe and secure environment to the user.
Bug bounty hunting is the method of searching these flaws and reporting it to the website’s security team for some rewards.
How does a Bug Bounty Program Work?
Plenty of ethical hacking courses offer the training and resources to help in developing needed skills for performing Bug bounty hunting on the web applications. There is a certain procedure that a Bug bounty hunter needs to follow for successfully obtaining the bounty in exchange for finding a bug in the system.
Websites or organizations offer a deal by which individuals can receive recognition and compensation for reporting bugs on their online businesses. Most importantly, organizations implementing the Bug bounty program can set policies on the limitations they want to impose on white-hat hackers. How far they want security researchers to test their site and what kind of reward they can expect for reporting a particular vulnerability.
There are various platforms dedicated to helping Bug bounty hunters Hackerone, Bugcrowd, SafeHats, Synack, etc. Several large organizations support Bug bounty programs such as Google, Instagram, Facebook, Apple, Paypal, and many more.
Do Bug Bounty Hunters Make Good Money?
It’s a myth that Bug bounty hunters make money effortlessly and all bug hunters are wealthy. Bug bounty hunters continuously need to work on their skills to become better in their field of knowledge and earn more money.
According to the BBC, Ethical hackers can earn more than $350,000 yearly. Bug bounty programs award hackers an average of $50,000 a month, with some paying out $1,000,000 a year in total.
A bug bounty is not easy money, it requires a lot of self-motivation and patience level for a successful Bug bounty hunting and still, you may end up with nothing at all. However, it can be really enjoyable and profitable if you have the skills, assets, and interests.
Who Can be a Bug Bounty Hunter?
If you are a Cyber Security researcher, Ethical Hacker, Software engineer, Web Developer or someone with high-level computer skills can become a successful Bug bounty hunter. The main requirement of this field is that you need to keep learning and stay aware of the latest technological changes and updates.
A bug bounty is a lucrative career and gained tremendous popularity over the years. Bug bounty programs not only help individual security researchers for furnishing their careers but also online websites and applications in creating a safe platform for the users to visit.
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