During the Black Hat USA 2024 event, HackerOne shared insights on the growing cybersecurity challenges faced by organizations in today’s modern threat landscape. The rise of emerging technologies such as generative AI and the continual expansion of attack surfaces have led to an increase in both the frequency and cost of data breaches, reaching record highs in 2024. These challenges are further compounded by a shortage of cybersecurity professionals, creating a significant skills gap in the industry.
According to HackerOne, more than half of their customers believe that vulnerabilities being exploited pose the most significant cybersecurity threat to their organizations. In response to this escalating risk, HackerOne emphasizes the importance of defense in depth and highlights the crucial role that security researchers play as the last line of defense against cyber threats. Alex Rice, co-founder of HackerOne, underscored the value of security researchers in identifying impactful and elusive vulnerabilities that automated solutions may overlook. The integration of AI into their security processes through their AI security copilot Hai allows security teams to mitigate risks more efficiently and strengthen their defenses.
HackerOne caters to organizations looking to manage security risks at scale by providing access to AI-augmented insights from a vast community of security researchers. Their platform has been trusted by over 1,000 leading organizations, including GitHub, Goldman Sachs, Hyatt, PayPal, and the U.S. Department of Defense, to discover elusive and high-impact vulnerabilities that automation might miss. Nearly three-quarters of HackerOne’s customers reported that they were able to avoid significant security incidents through their collaboration with HackerOne.
In a statement from Pax Whitmore, a Security Engineer at PayPal, he highlighted the value of feedback from researchers in driving substantial changes to their security program. Whitmore emphasized the importance of fostering challenging and educational relationships with hackers to enhance overall security measures.
Chris Lynch, Director at the U.S. Department of Defense, emphasized the significance of crowdsourced bug bounties in identifying vulnerabilities and enhancing security measures. He emphasized the importance of fully understanding vulnerabilities to bolster defenses effectively.
HackerOne offers a comprehensive suite of security solutions that enable organizations to address their most critical threats effectively. By leveraging the expertise of security researchers globally, HackerOne provides unmatched protection, adaptability, and peace of mind to organizations seeking to secure their digital assets amid evolving cyber threats.
To learn more about HackerOne’s security solutions and how they can help reduce security risks, visit their website at hackerone.com or connect with them on Twitter @Hacker0x01 using hashtags #HackForGood and #togetherwehitharder.
About the Author:
Gary Miliefsky, the Publisher of Cyber Defense Magazine, is a renowned cybersecurity expert, entrepreneur, and keynote speaker with decades of experience in the industry. As the founder and CEO of Cyber Defense Media Group, Miliefsky has significantly influenced the cybersecurity landscape. His dedication to cybersecurity extends to educating the public, supporting a scholarship program for young women in cybersecurity, and investing in cutting-edge technologies to combat evolving cyber risks. His insights have been featured in top media outlets, making him a trusted authority on advanced cyber threats and defense strategies.