InstaSafe launches SafeHats Bug Bounty Platform

Instasafe Technologies has introduced SafeHats Bug Bounty as one of its Security-as-a- Service solution which is leveraging the power of crowdsourced ethical hackers to keep enterprise application to stay secure against malicious/ bad intention hackers. SafeHats Bug Bounty platform is helping enterprises to connect with hundreds of highly skilled ethical hackers to conduct offensive application security testing. Each of these ethical hackers brings their unique skill set, trying to recreate the same kind of environment as malicious hackers trying to penetrate the system by discovering the security bugs and reporting their findings through the SafeHats platform.

Leading Bug Bounty platforms across the world cite India as the country with the highest number of ethical hackers in the world. SafeHats aims to tap this domestic talent of skilled ethical hackers and secure startups and enterprises in India. Presently, SafeHats is associating with various startups in India and abroad and are having around 5,000+ curated ethical hackers in their platform.

SafeHats Bounty platform offers various competitive advantage with respect to engaging with third-party security testing service providers:

SafeHats invites hundreds of highly skilled testers to a single program.

1. uses the gamification approach for hacker engagement and sets different bounty amount for different severity bugs.

It creates competition so that researchers are incentivized and motivated to find high severity bugs for higher pricing and offers to test for wider vulnerability scenarios.

Enterprises are charged on the pay per bug basis. Win-win for enterprise and security testers. No Bug No Pay. No false positive cases.

Innovative reporting platform which provides real-time reports to enterprises.

Faster time-to-market.

Helps enterprises to set their own budget and own pricing per bug (SafeHats will provide market guidance).

Sandip Panda, CEO of Instasafe and SafeHats, shares his thoughts, “Our vision with SafeHats is to create a security culture among enterprises, embrace ethical hackers community and engage them to check how secure the application is. Currently, there are a lot of startups in the B2C segment where their applications are public facing and always prone to cyberattacks. There is dire need to have proactive approach among enterprises and conduct continuous security testing of their digital assets using Bug Bounty platforms. The key to avoiding cyberattacks is to discover security bugs faster and fix it.”