Cynical Technology Pvt. Ltd. introduces the first-ever bug bounty platform called “Bugv” in Nepal, aimed towards more affordable and accessible cybersecurity services.
Naresh LamGade, Founder of Bugv Nepal stated that the software owners can leverage the platform in order to find out vulnerabilities in their system at cheaper rates while the ethical hackers across the world can register in the platform, hence earn rewards in exchange for their services.
LamGade said, “Ethical hackers can report bugs via Bugv and in turn gain rewards including certain money.” He also added that they are looking “forward to expanding the platform in the global market.”
Bugv has collaborated with eSewa and Fonepay as digital partners while listing the same and more in it, which means you can find out their bugs and report to the platform, thus win rewards. And more companies are expected to join the platform in the near future. Also, they will be able to evaluate the costs of possible bugs by themselves.
Similarly, companies will be able to hire particular hacker(s) to assess bugs and solve them.
LamGade believes that the bug bounty platform will play a major role to mitigate systems’ data breaches and leaks in Nepal. Just recently, Foodmandu, Vianet, and Prabhu Money Transfer witnessed their data getting compromised.
Companies can register themselves in Bugv for certain fees. They will also be responsible to pay for the bug bounty. However, cybersecurity researchers and ethical hackers across the globe can register for free.