Currently hackers are legitimately earning huge sums of money. Many are taking hacking as a profession, many are working as a hacker in charge of cyber security, and many are learning from hacking online resources and blogs. Today, this article will discuss some hackers who are also earning millions of dollars from hacking and how hackers legitimately make huge money.
In the summer of 2016, Pranav Hiveraker tried to find out where the weakness was in the latest Facebook feature. He is a full time hacker. Eight hours ago Facebook announced that they would allow users to post comments with videos. Pranava used to identify hacking weaknesses. Those vulnerabilities or wrongdoers can break into a company’s network and steal information and data.
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He received the code and there was a weakness in the code that could be used to delete any video from Facebook. “I found that I could use the code myself, and even delete the video that Mark Zuckerberg uploaded,” Pranab Pune, an ethical hacker, told the BBC. He told Facebook about the vulnerability through its Bug Bounty program. Within two weeks, he was awarded a 5 digit reward in dollar.
Some ethical hackers are now making big money and the industry is growing too. They are young and two thirds are 18-29. They are rewarded by big companies finding weaknesses in the web code of the company. A bug or an error that could never find anything like it has never been found in the alliance means big bucks, even up to millions of dollars.
Those who do such good things are called Ethical Hackers or White Hat Hackers. “The prize is the only source of income for me,” said Shivam Vashist. The Ethical hacker from northern India made a profit of 25,000 dollars last year. “Legally I hack the world’s largest company and make money. It was fun and challenging.”
It is a field of work that does not require formal education or experience. Shivam, like many others, says that he has learned this from online resources and blogs. “I spent many sleepless nights learning about hacking and attacking. Even in my second year of university, I dropped an ear.”
Like American hacker Jesse Kinser, he has already found an interesting career. “I was interested in being in college. Then I started extensive research on mobile hacking and digital forensics,” Kinser said in an e-mail.
Experts say the bug bounty program is playing a role in encouraging these hackers. “The program is a legitimate alternative opportunity for technology enthusiasts who could otherwise be exposed to harmful practices, especially through the hacking system and the illegal sale of hacked data,” said Terry Roy, chief technology officer at data security firm Imperver.
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Cyber security firm HackerWan says hackers in the United States and India receive the highest prize money in 2018. Some of them can earn up to three and a half million dollars a year. Sandeep Singh, now in Hacker World, known as ‘Gikboy’, says it’s a matter of hard work. “I had to work six months and 54 reports to get the first valid report and award money.”
HackerOne, BugCrowd, Signac, or similar companies are running bug bounty programs by big companies, even the government. They provide ethical hackers, verify tasks and secure privacy for clients.
The HackerOne grew up among three big bug bounty farms. They have about five and a half million hackers and pay almost seventy million dollars, says Ben Sadeghipour, the company’s head of hacker operations. “The bug bounty is nothing new. But the amount of rewards is increasing as part of a consolidation of security measures for companies.
Companies know that if they don’t take enough action it can create an opportunity for hackers to attack and thus expose important data which can cause major economic loss. “In recent years, cyber-attacks have increased by eight per cent while the number of security talent is on hand,” says cyber security firm Signac.
Cyber security firms say they can conduct more systematic tests with trusted hackers. Hacking is legally prohibited in many countries. However, it is easy for hackers to inform an organization via email that they have a problem.
Then Bug Bounty Farms can help the right people work, says security auditor Robbie Wiggins. But the prize space, whether public and private, is increasing. Many people may not be earning much, but some people are making a lot of money. And gender discrimination is also evident in this industry.
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Jesse Kinser says it’s because of the lower quality of women’s work than men, which she thinks it’s an epidemic problem.
Source: BBC, Feature Image: CNet