Buglab: Cybersecurity Penetration Testing

Every business may it be large or small is vulnerable to cybersecurity attacks. That is why as many companies become aware of the impact these hackers can do to their businesses’ data and the more hackers develop advance schemes, the greater is the demand for cybersecurity professionals. Companies should realize that taking precautionary measures needed to secure vital data is a must, so conducting thorough penetration test throughout the year can combat hackers’ efforts.

But traditional ways to combat cybersecurity attacks are not feasible to small businesses because finding and placing qualified cybersecurity professionals is very time consuming and costly. In penetration tests performed by cybersecurity firms, clients pay for services in terms of total billable hours regardless of the test results and there can only be one or two pentesters assigned to do the job. On the other hand, in Bug Bounties, clients pay per-vulnerability-uncovered basis. Pentesters just uncover the vulnerabilities present and that’s it because they are being paid per vulnerability after all. Some do not bother to provide in-depth research analysis to its clients.

Problems on cost efficiency, lack of resources and irrelevancy in reporting that exist in the Traditonal Penetration Testing are solved by Buglab. Buglab can help small businesses as well as the large ones by offering them a unique, competitive, rewarding, and easy-to-use platform to address the growing need on cybersecurity. It will assist companies in whatever industry it may be- Retail, IT, Finance etc. to uncover security gaps they may not know about but should be aware of.

At the center of Buglab's ecosystem, there are two programs - the Buglab Contest and Vigilante Protocol. In Buglab Contest, Buglab connects businesses or organizations that have information security needs with a network of certified cybersecurity penetration testers in an incentivized environment. Buglab incentivizes each researcher to be the first to uncover the maximum number of significant vulnerabilities, and to obtain the highest score, based upon a grade attributed to each. This type of scoring system encourages the community to act in a manner that is effective, thorough, and efficient. The testers are rewarded based on their collective discoveries in time-limit competitions. Here, pentesters are rewarded as they uncover system vulnerabilities that are ranked by severity and potential impacts. In the other program – Vigilante Protocol, Buglab provides an opportunity for whitehats (security researchers who use hacking skills to identify security weaknesses) to share their own vulnerability discoveries. They then work with Computer Security Incident Response Teams (CSIRT) and Computer Emergency Response Teams (CERT) all over the world to verify those discoveries and notify companies at risk. With Buglab, clients can decide to either use the mass of pentesters or choose a validated team from a known company. Teams must include no fewer than five pentesters. They customize the services depending to their organizational needs.

The Buglab Token (BGL) is being introduced to incentivize penetration testing in the Ethereum blockchain environment. BGL tokens are required for all transactions in the Buglab ecosystem, from ordering a contest to rewarding pentesters and whitehats. By creating a token, it can attract most skilled penetration testers and whitehats who don’t want to disclose their financial information in order to receive payments. Buglab also believes that this is the best solution for rewarding whitehats who participate in the vigilante process as guests.

TOKEN INFO

Token Pre-sale coming in 9AM CEST June 30, 2018

Token: BGL

Type: ERC20

Platform: Ethereum

Total Token Supply: 425,000,000

Token sale allocation: 170,000,000

Funding goal: Equivalent of $20,000,000

Public sale price: $0.15

Bonus

Pre-sale: 25%

Tier 1: First 24H - 20%