From cost inefficiency and irrelevancy in reporting to lack of resources, the traditional Penetration testing and Bug Bounties has been experiencing quite a number of problems. The existing security situation is such that companies only act when or after their systems have been hacked or only when they realize that an attempt has been made. Most companies fail to act in accordance in response to protect data because of the high cost of hiring consultant white hat hackers. In quite a number of cases, discovering a bug does not necessarily or literarily adds to the business success because emphasis is based on discovery and not solutions, based on the fact that these bounties pay in respect to the number of vulnerability found. When companies pay for bug bounties because they are unable to pay big cyber security consultants, the reported vulnerabilities are likely too expensive for them to fix, so they pay for knowledge of the existence of a problem they cannot afford to solve. This has been a bottleneck issue as so many companies keeps loosing everyday to cyber thefts and hacks. However, a final solution (in the name of BUGLAB) has surfaced to curb this challenge to the barest minimum.
Let’s take a look at the review video below, it’ll inspire you.
BUGLAB is an Ethereum-based platform that connects companies with a global network of expert cybersecurity researchers. Buglab is a blockchain community whereby companies/firms can easily access a network of expert cyber security researchers. Due to the exorbitant cost of running cyber security penetration testing, most companies especially the small and medium enterprises are vulnerable to cyber attacks. And where the money is not necessarily an issue, getting a competent security check does not come in handy. Buglab provides upgraded cyber security penetration testers, which creates accurate analysis on the vulnerability and engenders the recommendation needed to fix the vulnerabilities. Security penetration testing is the cheapest under the Buglab platform, making way for SMEs to access competent security walls over cyber thefts.
Buglab will be operating through two major platforms:
- The Buglab Contest
This platform links clients with a global network of certified cybersecurity penetration in an incentivized environment. The testers gets rewarded on the basis of their cumulative discoveries in time-limit competitions. - Vigilante Protocol
This platform provides an avenue of whitehats to distribute their own vulnerability findings. Buglab then collaborates with CERTs globally to verify those findings and notify companies at risk.
Buglab Features
• Full customization
• Verified Reporting
• Certified Pentesters
• Real-Time collaboration
• CERT & CSIRT Partnership
• Automatic Rewards for Whitehats
Token Details
The Buglab token, BGL is the main token used in the Buglab ecosystem. It is based on the ERC20 standard for blockchain tokens and it is the only token accepted for any/all transactions in the buglab community
Token Allocation
Marketing: 10%
Community Campaign: 2%
Future Product Development: 10%
Vigilante Protocol Reserve: 20%
Buglab Transaction Reserve: 1%
Advisors: 7%
Team & Early Contributors: 10%
General Token Sale: 40%
Roadmap
March 2016
Development Begins
February 2017
French Tech Ticket Acceptance & Team Relocation
June 2017
IBM Global Entrepreneur
November 2017
Partnership with CERTs & CSIRTs begins
Q2 2018
Public Pre-sale Opens
Q3 2018
Public Sale Opens
Blockchain Migration Begins
Public Beta Release
Q4 2018
Launch of Content & Vigilante protocol
The Team
Conclusion
BugLab makes cybersecurity services accessible to even the very smallest enterprises which hitherto lacks resources and budget to curb cybersecurity vulnerabilities using traditional means. Cyber crimes and hacking is a major issue now in the cyberspace and a competent solution such as Buglab is very much sorted for, making this ICO project very viable and quite promising. Following their success rate from inception till this point, investing in Buglab is just the smart thing to do. So waste no time any further, and be a part of this revolution. To do that, and for more information, please do well to follow the links provided below.
Reference Links
Facebook: https://www.facebook.com/buglab.co
Twitter: https://twitter.com/joinbuglab
Instagram: https://www.instagram.com/buglab.co
Reddit: https://www.reddit.com/r/buglabProject/
Medium: https://blog.buglab.io/
Telegram: https://t.me/buglab
YouTube: https://www.youtube.com/channel/UCmGh-O5eRtbQchWmy8cFjYA
Authored by: Davison
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2075838
Wallet: 0xcd3AA411AAF6Ab5017394e00Ad49eCF6B39Ee84B