As herds of animals are more effective at finding food and shelter than a lone wolf, crowdsourced security relies on the "wisdom of the crowd” to identify and resolve security issues more effectively than single internal teams and sophisticated attackers.
“Inside the Platform: Bugcrowd’s Vulnerability Trends Report” documents the steady adoption of public crowdsourced programs based on growing awareness and acceptance of crowdsourced security strategies.
The report revealed that the government is the fastest-growing sector for crowdsourced security in 2023 compared to 2022, with a 151% increase in vulnerability submissions and a 58% increase in Priority 1 rewards for finding critical vulnerabilities.
Nick McKenzie, the CIO & CISO at Bugcrowd, shared that APAC is their fastest-growing market.
“While Governments in the North started adopting crowdsourced security and disclosures from the hacker community within the last couple of years, driven by binding operational directives out of the US, a similar type of mandates or policies have flowed down south and rolled out in Singapore and Australia, for example,” the Bugcrowd executive said.
entivising priority benchmarks, triaging findings quickly at scale, leveraging analytics and metrics for constant program growth, and integrating with existing workflows and systems.
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