When it comes to hackers exploiting vulnerabilities in their software, organizations have two choices: They can fight the multi-headed hydra — or they can try to buy them off. And thus was born the bug bounty. Of course the situation is a bit more complicated than that, but ever since Peiter C.
Whether businesses are grappling with rapidly changing market conditions, continued pandemic disruptions, geopolitical conflicts, or shifting workplace arrangements, threat actors are looking to take advantage of the moment to undermine network integrity or compromise data privacy. In many ways, their efforts are bearing fruit. According to a recent industry survey, 66 percent of respondents indicated they experienced a ransomware attack in 2021, a 29 percent year-over-year increase.