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HackerOne is targeting Goldman Sachs, Uber, and the Pentagon—and getting paid for it

10 Mar 2020

More than 600,000 hackers on the platform are helping find bugs and vulnerabilities.

When Capital One discovered a data breach in July 2019 that exposed credit card and application data of more than 100 million people, the revelation came courtesy of a hacker—a benevolent one. He was working on behalf of HackerOne, a company that connects businesses and government agencies with a network of 600,000 hackers who test systems in exchange for payment and clout. While traditional cybersecurity efforts are centered around building hacker-proof software, CEO Mårten Mickos says vulnerabilities are inevitable: “It’s better to know than not to know.” Last year, the company (which has doled out more than $80 million in rewards to cybersleuths since 2012, about half of that in the past year) introduced HackerOne Clear, a program that vets hackers for sensitive projects and allows companies to require nondisclosure agreements for such work. New clients in 2019 include Alibaba, AT&T, Hyatt, and Priceline, and four out of the top 10 banks in the United States (including Goldman Sachs) are now running hacker-powered security programs on the platform.

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This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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