Bugcrowd’s Crowdsourced Cybersecurity Platform Helps Pay Over $2 Million to Researchers for Samsung Mobile Rewards Program

Company fortifies researcher partnerships by delivering timely and secure payments

SAN FRANCISCO--(BUSINESS WIRE)--Bugcrowd, the crowdsourced cybersecurity platform, today announced it has paid more than $2 million in rewards to security researchers on behalf of Samsung’s bug bounty program. Bugcrowd has been managing the payment process for Samsung Electronics’ Mobile Security Rewards Program since September 2017, which is designed to identify critical vulnerabilities for all of Samsung’s mobile devices receiving monthly and quarterly security updates.

“Samsung has tapped into the creativity of security researchers worldwide at scale with the Bugcrowd platform to drive immeasurable value for its ongoing proactive security efforts and impart millions of dollars back into its researcher community,” said Ashish Gupta, CEO, Bugcrowd. “Our platform creates a force multiplier that enables companies to create a stronger security posture and use Bugcrowd to meet their unique security needs. We are thrilled to see the success of Samsung’s program and privileged to help Samsung optimize their security program with quick and compliant researcher payments.”

Bugcrowd’s platform leverages a purpose-built payments system that meets standard compliance requirements across all payments and streamlines their internal processes. This strategy allows Samsung to run an efficient program that continuously meets security testing goals and ensures researchers receive payments swiftly, which results in higher engagement.

“The Samsung Mobile Rewards Program is key in our efforts to ensure Galaxy users are protected against potential vulnerabilities in our products and software,” said Daniel Ahn, Corporate SVP and Head of Security Team at Mobile Communications Business, Samsung Electronics. “Our partnership with Bugcrowd has allowed us to further protect the mobile experience by establishing relationships with the broader research community. Consequently, researchers trust Samsung to securely report their findings and acquire Mobile Rewards payments quickly and easily.”

To learn more about how Bugcrowd is helping companies launch Bug Bounty Programs, visit: https://www.bugcrowd.com/products/bug-bounty/.

For more information on Samsung’s Vulnerability Disclosure Policy and Rewards Program, visit: https://security.samsungmobile.com/main.smsb.

About Bugcrowd

Bugcrowd is the #1 crowdsourced security company. Top Fortune 500 organizations trust Bugcrowd to manage their Bug Bounty, Vulnerability Disclosure, Next Gen Pen Test, and Attack Surface Management programs. Bugcrowd’s award-winning platform combines actionable, contextual intelligence with the skill and experience of the world’s most elite hackers to help leading organizations identify and fix vulnerabilities, protect customers, and make the digitally connected world a safer place. Based in San Francisco, Bugcrowd is backed by Blackbird Ventures, Costanoa Ventures, Industry Ventures, Paladin Capital Group, Rally Ventures, Salesforce Ventures and Triangle Peak Partners. Learn more at www.bugcrowd.com.

“Bugcrowd” is a trademark of Bugcrowd Inc. and its subsidiaries. All other trademarks, trade names, service marks and logos referenced herein belong to their respective companies.