What is Bug Bounty Program?
Hunter and Ready initiated the first known bug bounty program in 1983 for their operating system. Anyone who found and reported a bug would receive a Volkswagen Beetle (a.k.a. Bug) in return.
A little over a decade later in 1995, Jarrett Ridlinghafer, a technical support engineer at Netscape coined the phrase 'Bugs Bounty'.
Netscape encouraged its employees to push themselves and do whatever it takes to get the job done. Ridlinghafer recognized that Netscape had many product enthusiasts and evangelists, some of which could even be considered fanatical about Netscape's browsers. He started to investigate the phenomenon in more detail and discovered that many of Netscape's enthusiasts were actually software engineers who were fixing the product's bugs on their own and publishing the fixes or workarounds, either in online news forums that had been set up by Netscape's technical support department or on the unofficial "Netscape U-FAQ" website, which listed all known bugs and features of the browser, as well as for instructions regarding workarounds and fixes.
Ridlinghafer thought the company should leverage these resources and proposed the 'Netscape Bugs Bounty Program.
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Who is Bug Bounty Hunter?
Those who earn bounty especially some money or swag a.k.a gifts are known as bounty hunters. Similarly, if a researcher finds vulnerabilities and flaws in an application referred to as a bug, and gets paid some rewards or bounties is called Bug Bounty Hunter.
Top Famous Platforms for Bug Bounty Hunting
1. HackerOne
2. Bugcrowd
3. Intigriti
Happy Hacking :)
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