Security News > 2020 > May > Hackers awarded $100 million in bug bounties on the HackerOne platform

HackerOne announced that hackers have earned $100 million in bug bounties on the HackerOne platform.

From $30,000 paid to hackers across the globe in October 2013 - the first month of bounty payments on HackerOne - to $5.9 million paid to hackers in April 2020, working with hackers has proven to be both a powerful way to pinpoint vulnerabilities across digital assets and more than just a past-time.

"We started out as a couple hackers in the Netherlands with a crazy belief that hackers like us could make organizations safer and do it more efficiently and cost-effectively than traditional approaches," explained HackerOne co-founders Jobert Abma and Michiel Prins.

Back in 2017, Mickos predicted the community of hackers on HackerOne would grow to one million strong and would have earned $100 million in bounties by the end of 2020.

Hackers will earn $1 billion in bug bounties within five years on HackerOne.

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