HackerOne Connects Hackers With Companies, and Hopes for a Win-Win - NYTimes.com

Security hacking for fun and profit

"Now the duo, Michiel Prins and Jobert Abma, are among the four co-founders of a San Francisco tech start-up that aims to become a mediator between companies with cybersecurity issues and hackers like them who are looking to solve problems rather than cause them. They hope their outfit, called HackerOne, can persuade other hackers to responsibly report security flaws, rather than exploit them, and connect those “white hats” with companies willing to pay a bounty for their finds.

In the last year, the start-up has persuaded some of the biggest names in tech — including Yahoo, Square and Twitter — and companies you might never expect, like banks and oil companies, to work with their service. They have also convinced venture capitalists that, with billions more devices moving online and flaws inevitable in each, HackerOne has the potential to be very lucrative. HackerOne gets a 20 percent commission on top of each bounty paid through its service."

HackerOne Connects Hackers With Companies, and Hopes for a Win-Win - NYTimes.com