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Bug bounty programs offer a modern platform for organizations to crowdsource their software security and for security researchers to be fairly rewarded for the vulnerabilities they find. Little is known however on the incentives set by bug…

Cryptography and Security · Computer Science 2017-12-04 Thomas Maillart , Mingyi Zhao , Jens Grossklags , John Chuang

Bug bounty programs have contributed significantly to security in technology firms in the last decade, but little is known about the role of reward incentives in producing useful outcomes. We analyze incentives and outcomes in Google's…

Software Engineering · Computer Science 2025-09-23 Serena Wang , Martino Banchio , Krzysztof Kotowicz , Katrina Ligett , R. Preston McAfee , Eduardo' Vela'' Nava

Systems and blockchains often have security vulnerabilities and can be attacked by adversaries, with potentially significant negative consequences. Therefore, infrastructure providers increasingly rely on bug bounty programs, where external…

Theoretical Economics · Economics 2023-09-06 Hans Gersbach , Akaki Mamageishvili , Fikri Pitsuwan

Software vulnerabilities enable exploitation by malicious hackers, compromising systems and data security. This paper examines bug bounty programs (BBPs) that incentivize ethical hackers to discover and responsibly disclose vulnerabilities…

Cryptography and Security · Computer Science 2024-04-29 Esther Gal-Or , Muhammad Zia Hydari , Rahul Telang

Researchers have investigated the bug bounty ecosystem from the lens of platforms, programs, and bug hunters. Understanding the perspectives of bug bounty report reviewers, especially those who historically lack a security background and…

Software Engineering · Computer Science 2025-02-04 Jessy Ayala , Steven Ngo , Joshua Garcia

Bug bounties have become increasingly popular in recent years. This paper discusses bug bounties by framing these theoretically against so-called platform economy. Empirically the interest is on the disclosure of web vulnerabilities through…

Cryptography and Security · Computer Science 2018-05-28 Jukka Ruohonen , Luca Allodi

Background: While bug bounty programs are not new in software development, an increasing number of companies, as well as open source projects, rely on external parties to perform the security assessment of their software for reward.…

Software Engineering · Computer Science 2017-09-20 Hideaki Hata , Mingyu Guo , M. Ali Babar

Despite significant popularity, the bug bounty process has remained broadly unchanged since its inception, with limited implementation of gamification aspects. Existing literature recognises that current methods generate intensive resource…

Cryptography and Security · Computer Science 2020-09-23 Jamie O'Hare , Lynsay A. Shepherd

Bug bounty programs, where external agents are invited to search and report vulnerabilities (bugs) in exchange for rewards (bounty), have become a major tool for companies to improve their systems. We suggest augmenting such programs by…

Theoretical Economics · Economics 2024-03-15 Hans Gersbach , Fikri Pitsuwan , Pio Blieske

To keep up with the growing number of cyber-attacks and associated threats, there is an ever-increasing demand for cybersecurity professionals and new methods and technologies. Training new cybersecurity professionals is a challenging task…

Cryptography and Security · Computer Science 2024-04-19 Kamil Malinka , Anton Firc , Pavel Loutocký , Jakub Vostoupal , Andrej Krištofík , František Kasl

Although researchers have characterized the bug-bounty ecosystem from the point of view of platforms and programs, minimal effort has been made to understand the perspectives of the main workers: bug hunters. To improve bug bounties, it is…

Cryptography and Security · Computer Science 2023-03-09 Omer Akgul , Taha Eghtesad , Amit Elazari , Omprakash Gnawali , Jens Grossklags , Michelle L. Mazurek , Daniel Votipka , Aron Laszka

Background: Security regressions are vulnerabilities introduced in a previously unaffected software system. They often happen as a result of source code changes (e.g., a bug fix) and can have severe effects. Aims: To increase the…

Software Engineering · Computer Science 2022-07-06 Larissa Braz , Enrico Fregnan , Vivek Arora , Alberto Bacchelli

In the world of open-source software (OSS), the number of known vulnerabilities has tremendously increased. The GitHub Advisory Database contains advisories for security risks in GitHub-hosted OSS projects. As of 09/25/2023, there are…

Cryptography and Security · Computer Science 2025-01-30 Jessy Ayala , Yu-Jye Tung , Joshua Garcia

Having a precise vulnerability discovery model (VDM) would provide a useful quantitative insight to assess software security. Thus far, several models have been proposed with some evidence supporting their goodness-of-fit. In this work we…

Cryptography and Security · Computer Science 2012-03-28 Viet Hung Nguyen , Fabio Massacci

Security is an essential cornerstone of functioning digital marketplaces and communities. If users doubt that data shared online will remain secure, they will withdraw from platforms. Even when firms take these risks seriously, security…

Cryptography and Security · Computer Science 2022-04-15 Johannes Wachs

Software vulnerabilities are constantly being reported and exploited in software products, causing significant impacts on society. In recent years, the main approach to vulnerability detection, fuzzing, has been integrated into the…

Software Engineering · Computer Science 2025-10-21 Tatsuya Shirai , Olivier Nourry , Yutaro Kashiwa , Kenji Fujiwara , Yasutaka Kamei , Hajimu Iida

A widespread belief in the blockchain security community is that automated techniques are only good for detecting shallow bugs, typically of small value. In this paper, we present the techniques and insights that have led us to repeatable…

The utilization of third-party open-source libraries is widespread in modern software development. Due to the dependency relationships, vulnerabilities within open-source libraries pose significant security threats to downstream software.…

Software Engineering · Computer Science 2026-05-07 Liyou Chen , Hailong Sun , Xiang Gao , Lin Shi , Yixin Yang , Yi Xu

Each year, thousands of software vulnerabilities are discovered and reported to the public. Unpatched known vulnerabilities are a significant security risk. It is imperative that software vendors quickly provide patches once vulnerabilities…

Cryptography and Security · Computer Science 2017-07-26 Benjamin L. Bullough , Anna K. Yanchenko , Christopher L. Smith , Joseph R. Zipkin

Sophisticated attackers find bugs in software, evaluate their exploitability, and then create and launch exploits for bugs found to be exploitable. Most efforts to secure software attempt either to eliminate bugs or to add mitigations that…

Cryptography and Security · Computer Science 2018-08-03 Zhenghao Hu , Yu Hu , Brendan Dolan-Gavitt
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