Dubai-based startup Crowdfense has launched a $10 million bug bounty programme to acquire and further develop active cyber-defense capabilities.
As part of the programme, the stratup is offering $3 million for ethical hackers to expose vulnerabilities in some of the most popular software for Windows, MacOS, iOS and Android.
The company, which has spent more than a year in development, was designed by a global team of seasoned cyber-security experts, researchers and lawyers to work on some of the biggest cyber-defense challenges of our times and to introduce higher levels of professionalism and trust in this market.
“We work only with the best vulnerability researchers, focusing on very select capabilities with a highly structured and scientific approach,” said Crowdfense director Andrea Zapparoli Manzoni.
“Now that this originally underground practice has become a strategic high-tech industry, it is necessary to implement good business processes, checks and guarantees for all the parties involved. That is why we built Crowdfense: the market needed a neutral, reliable, law-abiding, process-driven partner to deliver top-quality active cyber-defense capabilities.”
The first public bug bounty programme by Crowdfense is offering payouts that have never been seen before.
The company is focused on quality over quantity, so that its institutional customers can get the best possible return on their investments, while successfully protecting their nations and citizens from a growing spectrum of threat actors.