Crowdfense Pays Out $4.5M to Security Researchers in Two Months

NEW YORK, June 26, 2018 /PRNewswire/ -- Crowdfense has paid out $4.5 Million in the first two months of its public bug bounty program as researchers flock to their uniquely transparent, efficient and innovative 0-day trading platform.

"We are seeing strong adoption of our platform," said Andrea Zapparoli Manzoni, Director of Crowdfense. "Law enforcement and intelligence organizations are scrambling to procure better tools to fight crime and deter hostile activities, and we are eager to help them improve the effectiveness of their cyber operations. Researchers respect the team's effort to partner with them to thoroughly test their findings and provide fast and efficient transfer of code and funds, within a sound legal framework."

In the past two months the company has evaluated several offers, purchasing four top cyber capabilities, and continues to actively investigate and pursue more options. As of today, they have $5.5M available in payouts as part of their ongoing $10M bug bounty program. The program, which looks for full-chain, previously unreported cyber capabilities, pays from $500,000 USD to $3 million USD per successful submission. Partial chains are evaluated on a case-by-case basis and priced proportionally.

The new platform provides an innovative solution to an otherwise largely obscure and secretive industry. By acting as a trusted third party for governments and researchers, the company has created a transparent and safe environment to buy and sell cyber capabilities -- thereby improving the space for all players involved.

Crowdfense evaluates, tests and improves state-of-the-art active cyber-defense capabilities from the most talented Researchers in the world and offers them to a carefully selected group of global institutional Customers. (www.crowdfense.com)

SOURCE Crowdfense

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http://www.crowdfense.com