Vulnerability management is not scalable, but bug bounty programs are.

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Each safety staff is aware of how vital it’s to patch vulnerabilities; the issue is that it takes a very long time to do it. In reality, research exhibits that organizations take a mean of 60 days to patch important danger vulnerabilities, and with 18,371 vulnerabilities found in 2021, there are too many for anyone staff to patch alone.

However, bug bounty The applications present a solution to this example by incentivizing a large number of exterior safety researchers to find and remediate vulnerabilities for a price.

Solely at present, enterprise data platform Stravitwhich gives organizations with a SaaS platform to retailer, uncover and combine market/shopper data, introduced the launch of a brand new bug bounty program in partnership with Intigiti.

For Stravito, this system gives a chance to construct on its latest ISO 27001 certification and mitigate the potential vulnerability management dangers that put buyer knowledge prone to publicity.

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Bug Bounties: The Reply to the Complexity of Vulnerability Administration?

Extra broadly, the Intigriti and Stravito partnership highlights that bug bounty platforms present enterprises with a strong software they will use to boost the capabilities of inner safety groups and mitigate a rising variety of vulnerabilities at scale. .

The announcement comes as increasingly more private and non-private organizations are experimenting with bug bounty platforms to find and take away vulnerabilities of their expertise stacks, together with the Defense Department, Google, Uber, Microsoft Y Apple.

Stravito, which final 12 months introduced elevating $14.6 million in sequence A moneyis certainly one of a rising variety of smaller distributors turning to cloud-based safety to guard their methods in opposition to fashionable risk actors.

Nonetheless, it is very important be aware {that a} bug bounty program isn’t designed to switch an on-site safety staff, however to reinforce your current efforts.

“Our Bug Bounty program hyperlinks instantly with our DevSecOps groups (by way of our incident administration processes and software program improvement lifecycle), each for vulnerability fixes and as a suggestions loop to coach our DevSecOps engineers, elevating the bar and minimizing future errors. and vulnerabilities,” mentioned Thor Olof Philogène, founder and CEO of Stravito.

On the identical time, automation has a important function to play in enabling a corporation to combine and put into motion the findings of exterior researchers.

“Automation can be key, each for detecting potential bugs and vulnerabilities (SAST and DAST) and scaling our capabilities to point out compliance to prospects, auditors and regulators (compliance as code) each now and sooner or later,” he mentioned. Philogene.

Bug bounty market overview

The announcement comes as researchers anticipate the bug bounty market will proceed to develop, valued at $223 million in 2020 and forecast to achieve $5.5 billion by 2027.

Inside the market, Intigriti stands as one of many main European bug bounty suppliers, earlier this 12 months elevating over €21 million as a part of a sequence B financing round for its bug bounty and vulnerability disclosure platform.

It’s competing with different distinguished distributors available in the market, together with hackerone, a bug bounty platform with automated bug testing, remediation steering, and computerized set off actions which might be triggered based mostly on the severity of the vulnerability. HackerOne raised $49 million earlier this 12 months, bringing its complete money It quantities to nearly 160 million {dollars}.

One other competitor within the house is crowd of bugs, a supplier that provides a mix of assault floor administration, penetration testing, and bug bounty based mostly on automated workflows. Bugcrowd not too long ago introduced elevating $30 million as a part of a sequence D financing round in 2020, bringing its complete funding to over $80 million.

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