BUGLAB: THE CYBERSECURITY PENETRATION TESTING PLATFORM TO BE TRUSTED

What’s up people? I’m here again with an ICO project I find very interesting due to the fact that it is designed to solve the biggest challenge faced by businesses and even countries in this 21st century. This article is all about BUGLAB and I believe that at the end of this write-up, you will be able to make a wise investment decision.

OVERVIEW

Before the advent of the internet, companies and establishments were storing their vital information on files which are kept in shelves but today these vital information or data are store on computer networks. For the former way of storing data, whenever an important document containing vital information gets missing it was quite easy tracking the person behind it because it has to be definitely someone who works in that establishment but in this internet and computer generation it is very difficult tracking down the person behind it.

Most of these companies have computer networks that are very porous and vulnerable; because of this they end up losing billions of dollars to cybercriminals. Cyber-attack has been a thorn on the flesh of companies across the globe and BUGLAB has come to help bring an end to this menace and also help these companies to save cost in trying to combat cybersecurity issues.

SOME OF THE IMPACT OF CYBER ATTACKS ON BUSINESSES

Data is the brainchild or simply put “the foundation” of every business. Once vital data are stolen from a company it can lead to bankruptcy. Most companies who were victims of cyber-attacks have lost

their reputation
money
shareholders and investors trust
And most times they are faced with increased audit exposure.
It is very difficult for a company that has been attacked to expand because people no longer want to do business with them. Cybersecurity penetration testing helps companies to know how vulnerable and porous their computer network and also recommend ways it can be fixed. This is the reason why cybersecurity penetration testing is very vital for companies because it will help them to save cost.

CHALLENGES WITH TRADITIONAL METHODS OF FIGHTING CYBERCRIME

Penetration tests performed by a cybersecurity and bug bounty challenges are the two common methods of fighting cybercrime but the major challenge with the two common methods of fighting cybercrime is that they are very expensive and are out of reach for SMEs.

For penetration tests performed by a cybersecurity firm, clients pay for the services using the billable hour model regardless of the test result, that is to say, every hour spent on your work by the cybersecurity firm is paid for even if they end up not doing the job rightly. Also the efficiency and accuracy of the penetration test carried out by consulting firms is quite low; this is due to the fact that the test is been carried out by not more than two pentesters which leaves the client with only the skillset and methodology of just two pentesters and this can be disastrous, you know what I mean!

For the bug bounty contest, clients pay per vulnerability uncovered by information security researchers. The major challenge with this is that most companies do not have software development teams that will help them fix the uncovered vulnerability, so you see, they end up spending a lot of money uncovering vulnerabilities that they do not have what it takes to fix. BUGLAB will help in fixing the above challenges once and for all and make businesses more secure than they are today via the Ethereum blockchain network.

HOW BUGLAB OPERATES THAT MAKES IT DIFFERENT

BUGLAB is simply an Ethereum based ecosystem for cybersecurity researchers designed by a team of experienced professionals with several years of experience in coding, cybersecurity, blockchain tectnolgy, web development and the tech industry at large. It is a platform where you can have access to thousands of pentesters at an affordable rate.

As a company, you can register with the BUGLAB platform and request the cybersecurity penetration test be carried out on your computer network that houses your company’s data. Once your request is received by the BUGLAB platform, it will send messages to all cybersecurity researchers registered with the platform inviting them for a cybersecurity penetration test contest; with this platform, you have access to many pentesters running a contest on your network unlike what you have in the traditional method of combatting cybercrime using cybersecurity firm. The accuracy of the penetration test carried out on the BUGLAB platform is second to none.

After carrying out the contest by the pentesters, an in-depth analysis will be carried out on the uncovered vulnerability so as to aid the clients in fixing the porosity in their network. Another good thing about the BUGLAB platform is that both big companies and small companies can afford their services unlike what we have in the traditional method of fighting cybercrime. The clients pay for the services with BGL which is the platforms utility token and the pentesters are also rewarded for their services with the token too.

BUGLAB also has a program known as vigilante protocol which provides an opportunity for whitehats to share their own vulnerability discoveries. These discoveries will be verified by computer emergency response teams (CERTs) globally which are already in partnership with the BUGLAB platform. After the verification, the company at risk will be informed about how vulnerable they are to attack for them to take proactive measures. The company might now decide to reward the whitehat or register with the BUGLAB platform for a cybersecurity penetration contest which will also give the whitehat an opportunity to be part of the contest and also earn from the BUGLAB platform.

BUGLAB provides you with an efficient, accurate and cost effective means of carrying out a cybersecurity penetration test and it is affordable for both big and small companies.

Having known how important cybersecurity is to businesses, you will agree with me that a platform like BUGLAB is highly needed to help in conducting an accurate and efficient cybersecurity penetration test and also in the fixing of the uncovered vulnerability. This is a project to partner with and i will urge you to take advantage of the project's ICO that is presently ongoing so that you can be a part of this groundbreaking innovation that will transcend generations. I assure you that you will not regret being part of the BUGLAB project.

For more information about the BUGLAB platform, please visit the essential links below:

ESSENTIAL LINKS

★ Website ★ Whitepaper ★ Twitter ★ Facebook ★ Telegram ★ Reddit ★
ANN Thread: https://bitcointalk.org/index.php?topic=2851719.20

Authors Details

Bitcointalk Username: Sorento

Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=1910177