TESTING THE PENETRATION OF CYBERSECURITY ON THE ETHEREUM BLOCKCHAIN.
Buglab has an innovation will be able to offer a unique, competitive, incentivized and a platform that is easy to use. It will as well be able to assist companies in IT, financial services, and retail to be able to identify and migrate cybersecurity gaps as they may not know about it.
THE MARKET ON CYBERSECURITY.
There are organizations who are aware that there is a flop in their level of computer’s security, but the process of finding and getting qualified cybersecurity professionals is time intensive expensive.
As discovered by the ETH Zurish conference workshop, there will be an availability of 50 billion online devices and there is, of course, a high amount of information stored across all these ecosystems which will need protection. However, the cybersecurity market is likely not to be able to grow to meet this specific demand.
The trend of cyber-attacks is massively on the high side, with the availability of widely-known geopolitical impacts.
THE APPROACH ON CYBERSECURITY.
• THE TEST ON PENETRATION PERFORMED BY A CYBERSECURITY CONSULTING FIRM:
Majority of the penetration tests that are performed by consulting firms enables clients to only be able to take advantage of the methods used and the skillset of two consultants.
This approach will as well require that clients will be able to pay for available services for a period of total billable hours.
• THE CHALLENGES OF BUG BOUNTY: By using this approach, the researchers on information security are paid on a basis of per-vulnerability-uncovered.
• The result usually obtained using this approach is usually not relevant to the client.
THE BASIC FEATURES OF THE BUGLAB PLATFORM.
This platform will be able to enable customers to use either the mass of pentesters or to choose a validated team from a known company.
It will entail some of the features;
• The availability of public contest: Immediately a company launches a contest, a public invitation will be received by the community to participate.
• The availability of private contest: Options will be provided for clients to select a number of required pentesters from the community, they will be also allowed to choose a validated team from the group of available cybersecurity firm that will be able to compete in the challenge.
• The selection of filters: Different filters can be used by clients in the selection of pentesters during a private challenge.
• Triage System: Their customers are guaranteed to only receive notification bout important and relevant submissions and they will do this by going through a fixed sorting system to be able to avoid duplication before getting to the customer’s dashboard.
• Reports: This feature will be made available to allow clients to graphically compare the status of security and the progress of assets.
• Meditation: This meditation is usually required when a pentester finds a score or validation to be an inaccurate one.
• Chat: Every report will provide a chance to get engaged in conversation with pentesters and get their possible help in the fixing.
• The availability of private contest: The available clients will have an option to enable to them select the number of pentesters from the ones available in the community or to be able to choose validated team from available known cybersecurity firm that will be able to compete in the challenge.
• The availability of triage system: duplicates are usually identifies through the known method of sorting and this will help to have the clients guaranteed of relevant submission only.
• The clients will be well managed: The company will be able to a make selection from the available types of contest management which includes: basic, enterprise and pro.
• Leaderboard: Experience and results obtained from the platform will be obtained from the availability of a dashboard that offers the ranking of pentesters from the community.
This will provide an availability of greater visibility.
• Fix companionship: When an enterprise level is attained, Buglab will be ready to verify that a fix has been implemented.
THE SOLUTION REMEDY OF BUGLAB.
BUGLAB encourages a scoring system that will encourage the community to act in a way that is thorough, effective and efficient. This available incentivizes each researcher to be the first to reveal a high amount of significant vulnerabilities, and to as well obtain a high score which will be based upon a grade that will be attributed to each of them.
A Brief Review of the Contest.
Judging from the level of confidentiality that has been chosen, clients will be able to choose from the available list of pentesters in the community.
The selected system has a way of encouraging individual pentesters to be the very first person to uncover an available amount of vulnerabilities and to as well obtain a high score.
A Guarantee of Money Refund.
If at the end of the contest, it is discovered that customer’s systems are free of vulnerabilities, there will be an automatic refund from Buglab which will use smart contract, 90% will be allocated to the cost of the contest and the available 10% will be retained for the Vigilante Protocol Reserve (VPR).
BUGLAB WILL AS WELL INTRODUCE A VIGILANTE PROTOCOL.
Buglab will introduce a globally integrated program which will prevent hacking and it will be named Buglab Vigilante Protocol, it will be a system that will allow white hats researchers to be able to report on the vulnerability of a company that is not one of the platform’s customers.
BUGLAB TOKEN.
The exchange of tokens will occur in the following scenarios and they include:
• To be able to reward contest winners to a third level in ranking or even as a customized client.
• To be able to cover the cost of a contest which as well includes transaction costs.
• They will be able to enable and tokenize the idea of ‘’tipping’’ which is a functionality for white hats.
• They will be able to fund both the VPR and BTR.
• It will be used to reward CERTS and CSIRTS as this will help in the triaging of vulnerabilities and also help in the building of new partnerships.
The tokens will be transferrable between two parties over the internet in accordance with the laid down rules within the contract that will hold the token.
During the period of the TDE, tokens will be pre-sold to individuals who will see the value in the platform and then anticipate that they will use the tokens when it is ready and available for use at a discounted rate.
The standard used for the BGL token will be based on the ERC20 standard for blockchain tokens.
SOURCES
Website: https://buglab.io/
Whitepaper: https://buglab.io/assets/docs/Buglab_WhitePaper.pdf
Facebook: https://www.facebook.com/buglab.co
Twitter: https://twitter.com/joinbuglab
Telegram: https://t.me/buglab
Reddit: https://www.reddit.com/r/buglabProject/
Authored by: geeboy88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874835
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4