Twitter has revealed that the firm has paid out $322,420 to bug bounty hunters in only two years.
It was not that long ago that researchers seeking to report security vulnerabilities in systems and software had few outlets to do so. Emails and contact forms were the standard communication channel, and should a bug be investigated and deemed valid, the researcher was likely to receive little more than a pat on the back and perhaps public credit.
However, things have changed. Cyberthreats and data breaches are now a daily occurrence, which means businesses looking to protect their products and networks have to either hire in-house or seek external help to discover and fix problems before they can be exploited.