In the article “Hacking for Good: Leveraging HackerOne Data to Develop an Economic Model of Bug Bounties” by Kiran Sridhar and Ming Ng, the authors explore the effectiveness of bug bounty programs as a means of enhancing cybersecurity. The literature review highlights the evolution of these programs, discussing how they incentivize ethical hackers to identify vulnerabilities before malicious actors can exploit them. This proactive approach not only helps organizations safeguard their systems but also fosters a collaborative relationship between companies and the hacking community.The findings of the article present a compelling argument for the economic viability of bug bounty programs. By analyzing data from HackerOne the authors develop an economic model that illustrates how these programs can reduce costs associated with security breaches.

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