Buglab; Unveil the Upcoming Cybersecurity Service for your Businesses

channaj (39)in #blockchain • 6 years ago (edited)

Hi, Welcome back to my blog. I have discussed about what is Buglab and key features of it from my previous article. If you still have not refer my previous article, go through it thereby you can get a clear glimpse about this newest cybersecurity service. So today, from this article I will give you an idea about today cybercrimes and the ultimate solution provided by Buglab for those cybercrimes and also about Buglab token and Buglab Vigilante Protocol.

Fight against cybercrime

Nowadays with the fast growing technology, traditional options for fighting cybercrime are not feasible for small businesses and organizations. Therefore, to overcome those problems we need to follow below methods.

1) Performing penetration tests by cybersecurity firms

Usually clients pay for the service, regardless of the test results. The majority of penetration tests performed by consulting firms are done by one, maybe two pentesters. This means that the client is only able to take advantage of the methodology and skillset of two consultants. Also, more errors can happen due to doing test by one or two people. Therefore, test results will not give overall average one which may can cause defects.

2) Bug Bounty challenges.

Information security researchers are paid on a per-vulnerability-uncovered basis. Companies often end up getting charged to fix issues not entirely consequential to their revenue or customers.

3) Bug Bounty Programs.

Normally companies that rely on bug bounty methods are often required to pay for each vulnerability that’s reported. But the truth is many of these companies lack software development teams and internal infrastructure. So unfortunately, they end up to identify problems for which they lack resources to fix.

Buglab offers its ultimate solution for this.

The Buglab platform links organizations that have information security needs with a community of certified cybersecurity penetration testers. These testers are rewarded when they uncover system vulnerabilities, ranked by severity and potential impacts. Importantly, finding unique vulnerabilities is ranked above simply producing a list of issues.

Vigilante Protocol

Buglab introducing a globally integrated hacking prevention program called Buglab Vigilante Protocol. It’s a system that gives whitehat researchers to report system vulnerabilities of a particular company.

This is a smart way for companies to receive recommendations for their solutions from watchful guardians.

This protocol gives the way to report vulnerabilities in a secure and more ethical manner.

The Buglab Token

The Buglab Token (BGL) is introduced to incentivize penetration testing in the blockchain environment.

In the context of the Buglab experience, token exchange can be occurs in the following scenarios,

To reward contest winners
This normally deals with the top three in rankings, or as customized by the client.
To cover the cost of a contest, including transaction costs.
To enable and tokenize “tipping” functionality for white hats.
To fund both the VPR and BTR.
To reward CERTs and CSIRTs for triaging of vulnerabilities and help build new partnerships.

Hence, now you know full picture about this project; Buglab and its uniqueness. Therefore, I personaly highly interested on this latest cybersecurity service project which uses blockchain technology. Therefore, I highly recommend this project over and over again for investors to invest on this. Because it has already shows its superiority and will definitely give huge profits for those who invested on this.