What is a Bug Bounty Program?
In the Wild West, sharp-shooting bounty hunters tracked down wanted criminals and brought them to justice in exchange for reward money from the authorities.
Fast forward to the 21st century — there’s a similar reward incentive in the Wild Web called bug bounty program.
This time, websites or business organizations are the ones offering attractive rewards in the form of money or recognition to any individual who reports a software bug, especially the types that pertain to exploits and vulnerabilities.
A bug bounty program, also called a vulnerability rewards program, is usually launched through a crowdsourcing initiative.