KEY TAKEAWAYS
- Crypto.com has launched a record-breaking bug bounty program with HackerOne, offering up to $2 million for identifying security vulnerabilities.
- This initiative underscores Crypto.com’s commitment to security and compliance, aiming to enhance consumer protection and trust.
- The partnership with HackerOne highlights the importance of ethical hacking in maintaining system integrity and preventing exploitation by malicious actors.
Singapore, December 2, 2024 – Crypto.com has announced an upgrade to its existing bug bounty program in collaboration with HackerOne, offering up to USD $2 million in rewards for identifying security vulnerabilities. This initiative marks the largest bug bounty program available through HackerOne, both within the cryptocurrency sector and beyond.
Crypto.com, a platform trusted by over 100 million users globally, emphasizes security and compliance as core principles. CEO Kris Marszalek stated, “Security and compliance are at the foundation of everything we do at Crypto.com. As our business and the industry continue to grow, it’s critically important that we remain focused on our core principles, and this new bounty program does that by setting a new bar.”
HackerOne Partnership Enhances Security Measures
Kara Sprague, CEO of HackerOne, highlighted the importance of identifying security gaps before they can be exploited by malicious actors. She noted that the record-breaking bounty reflects Crypto.com’s commitment to consumer protection and the value they place on the ethical hacking community.
Chris Evans, CISO and Chief Hacking Officer of HackerOne, praised Crypto.com’s dedication to engaging with ethical hackers, stating that the company sets a high standard for how organizations should reward these professionals. This collaboration aims to enhance system integrity and customer trust.
Commitment to Security and Compliance
Jason Lau, Chief Information Security Officer of Crypto.com, emphasized the company’s ongoing efforts to maintain top-tier security certifications. Crypto.com has achieved multiple certifications, including SOC2 Type 2, PCI DSS 4.0, and ISO standards for cloud security and privacy, among others. Lau remarked that the partnership with HackerOne and the landmark bounty underscore their commitment to improving security measures and consumer protection.
For more information on Crypto.com’s bug bounty program, including criteria and payment tiers, visit here.
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