BUGLAB - DEFEATING CYBER CRIME! AGAINST ALL ODDS

PREFACE - THE THREAT CALLED CYBER CRIME

Cyber-crime started way back as when the first modern computer was published and it is an evil having its origin in the growing dependence on computers in modern life. Cyberattack is Literarily any form of offensive unpermitted or unlicensed movement that harm computer information systems, infrastructures, computer networks or personal computer devices.
Cybersecurity however is the protection of internet-connected networks with the inclusion of hardware, software and data, from cyberattacks.
In 1989, Robert Morris launched was is till date known as the foundation for the type of cyber security issues we encounter today where he launched the first ever computer worm which was a self-propagating virus, it spread so aggressively that it crippled much of the internet
  1. Although at the time it didn’t do as much damage as it would have if such attempt is made on the modern internet today as literally every data stored today has its root in the interne
  2. This attempt by Robert was what led to the founding security industry as we know it today which includes the establishment of the Computer Emergency Response Teams (CERTs) and the computer security incident response team (CSIRTs) as a central point for coordinating responses to these kinds of emergencies.
The initial reaction from the industry followed the old adage ‘prevention is better than a cure’, giving rise to what has become a litany of preventative and detective security products.
Everyday new threat surface and with such emergence newer approaches are made to combat these threats.

PROBLEMS WITH TRADITIONAL MEANS OF CYBER SECURITY

Common options for fighting cybercrime are not doable for small businesses and organizations owners but basically for large enterprises.

Here are a few reasons why

  1. The first reason for this is cost. Companies that rely on bug bounty methods (traditional method) are often required to pay for each vulnerability that’s reported. Since many of these companies do not have the domestic tools or software, nor the development teams, they end up paying to identify problems for which they lack the tools to fix. Obviously, this is an inefficient way to correct vulnerabilities
  2. Secondly, the results obtained are not always relevant to the client.
  3. Ignorance on the subject cyber-security

THE BUGLAB SOLUTION

Buglab is basically a community of certified penetration testers in an incentivized(encouraging) environment where testers are rewarded with buglab tokens (a more efficient means of payment which relatively brings down cost) for system vulnerability uncovered ranked by the severity and impact of the situation.

Features That Make Buglab Stand Out

The buglab platform gives users/customers a variety of choice on teams to use in running penetration testing or having a mass of pentesters, teams are usually graded via their skills and location and are made up of no less than five pentesters. It also offers the option of cancelling selected sensitive data by company from pentesters.
Buglabs also offer rewards for Penetration testers for identifying IT vulnerabilities and since it is in a form of contest clients have access to constant penetration test results, its real time and way more cost efficient than the traditional means.
What’s more interesting is they features a money-back guarantee in the event of no vulnerabilities detected and lastly buglab carry out penetration testing for companies/businesses who have no idea of their service on their behalf and reports are sent to the computer emergency response team(CERT) and also to the computer security incident response teams (CSIRTs) who in turn verify reports and in turn contact the companies involved.
You can be part of this future being built today as a web security expert, a company, or any other part of the cyber security industry.
Join the ICO via the Buglab website. For more information, visit the official links below:
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