HackerOne
| Private | |
| Industry | Cybersecurity |
| Founded | 2012 |
| Founders | Michiel Prins, Jobert Abma, Alex Rice and Merijn Terheggen |
| Headquarters | San Francisco, California |
|
Key people
|
Mårten Mickos (CEO) |
| Website | hackerone |
HackerOne is a vulnerability coordination and bug bounty platform that connects businesses with cybersecurity researchers. It is one of the first companies to embrace and utilize crowd-sourced security and hackers as linchpins of its business model, and is the largest cybersecurity firm of its kind. As of February 2017, HackerOne's network consisted of approximately 100,000 hackers and had paid $14 million in bounties.
In 2011, Dutch hackers Jobert Abma and Michiel Prins attempted to find security vulnerabilities in 100 prominent high-tech companies. They discovered flaws in all of the companies, including Facebook, Google, Apple, Microsoft, and Twitter. Dubbing their efforts the Hack 100, Abma and Prins contacted the at-risk firms. While many firms ignored their alert, COO of Facebook, Sheryl Sandberg, gave the warning to their head of product security, Alex Rice. Rice, Abma and Prins connected, and together with Merijn Terheggen founded HackerOne in 2012. In November 2015, Terheggen stepped down from his role as CEO and was replaced by Marten Mickos.
In November 2013, the company hosted a program encouraging the discovery and responsible disclosure of software bugs. Microsoft and Facebook funded the initiative, known as the Internet Bug Bounty project. By June 2015, HackerOne's bug bounty platform had identified approximately 10,000 vulnerabilities and paid hackers over $1 million. In September 2015, the company launched a Vulnerability Coordination Maturity Model, which then-policy chief Katie Moussouris described as “an important effort from HackerOne to codify some reasonable minimum standards on how organizations handle incoming, unsolicited vulnerability reports.” In April 2017 the company announced 240% year-over-year customer growth in Europe, and the subsequent opening of additional European offices to serve increasing customer demand.
HackerOne removes the administrative burden of coordinating bug bounty payment to hackers by the companies that choose to use them to discover vulnerabilities. Companies pay hackers through the platform as a reward for identifying bugs in their systems and products. The platform enables secure intelligence report sharing, payment and a reputation system for hackers.[4]
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