Why companies like Google, Facebook and Uber pay hackers millions

The term "hacker" generally brings to mind a lonesome, hooded figure, operating in the dark, stealing our money or personal information. But the past decade has given us reason to rethink this stereotype.

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A brand new kind of hacker is on the rise. Called “moral hackers” or “white hat hackers”, these women and men use their expertise for good by serving to firms defend themselves. They work to search out and report safety vulnerabilities earlier than felony hackers can reap the benefits of the bugs.

As it seems, moral hacking can really be way more profitable than working illegally. Increasingly, organizations like Google, Goldman Sachs and the Department of Defense are paying hackers for figuring out vulnerabilities of their methods, in whats generally known as a “bug bounty program.”

This has given rise to a brand new crop of startups, like Bugcrowd, Hackerone and Synack, which work to attach moral hackers with firms providing bug bounties. And by way of these platforms, some gifted hackers have struck it wealthy.

Here’s how hackers turned the nice guys.

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