Crypto.com has announced its partnership with HackerOne to launch the largest bug bounty program valued at $2 million. This program aims to identify potential risks associated with Crypto.com and improve the security of the platform. Crypto.com has over 100 million users worldwide and its focus is on cybersecurity.
HackerOne, a provider of ethical hacking services, highlighted the value of this experiment. They noted that investing a large sum in a bug bounty highlights a company’s commitment to its customers and their security.
Certifications and industry leadership
Crypto.com has always provided security and compliance with certifications such as SOC2 Type 2, PCI DSS 4.0, and ISO Information Security and Privacy Management. These certifications demonstrate that the platform meets intensive global requirements and is an industry leader in cryptocurrency security.
This $2 million bug bounty program demonstrates that Crypto.com takes an active approach towards user data protection and system security. With the expanded partnership with HackerOne, Crypto.com redefines its position as a market leader in compliance, security and privacy, aligning with the company’s goal of driving global cryptocurrency adoption.
Crypto.com’s commitment to security and ethical hacking
Jason Lau, Chief Information Security Officer at Crypto.com, reveals that more active partnerships and approaches, such as ethical hackers, have been essential to their security measures. The initiative also highlighted Crypto.com’s concern to proactively improve security standards and healthy cooperation with hackers internationally.
Kara Sprague, CEO of HackerOne, praised the initiative and emphasized the vital role of ethical hacking in preventing exploitation by malicious actors. Chris Evans, CISO at HackerOne, further noted that Crypto.com’s dedication to engaging with the ethical hacking community sets a standard for the industry as a whole.
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