Thursday, 16 June 2016

Cyber Insurance Brokers Look to Hackers to Help Curb Cyber-Attacks

The use of hackers by companies to help protect their data has long grown from a secret affair to a well-known practice. The list of big companies that use this method has some of the world's top companies in them. If a business deals with sensitive data, then it knows how valuable it is and how destructive it can be if it falls into the wrong hands.

Companies like Uber, Twitter, General Motors, Yahoo, Microsoft, Facebook, Google, you just name it. The list just goes on and on with more big names in it as players. So it is not out of place for cyber insurance companies to look towards replicating such approach for some of its clients. No matter how good a company's security team is, it is always profitable to include a hacker to the team. Basically hackers see flaws and vulnerability in any system.

Google had recently increased its public bug bounty program reward from $50,000 to $100,000. Basically what this program is after is to get hackers that can successfully find vulnerability and break into its Chrome software. Uber recently offered $10,000 to anyone that can successfully find a bug in their system. It has becomes imperative to include hackers in this fight against cyber-attacks and every business out there should take this a clue from this approach.

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