Unprecedented event in Brazil rewards hackers for identifying security flaws

RIO DE JANEIRO, BRAZIL – Aiming to help Brazilian companies minimize their vulnerabilities and understand more about cybersecurity, as well as demystify the hacker concept, BugHunt Con will hold its first edition between August 2 and 7.

The conference is organized by BugHunt, Crowsec, UHC Labs, and HackingEsports, Brazilian companies focused on the digital security market.

In addition to fully free and digital, the event will be the first of its kind in Brazil: Bug Bounty, a reward program for flaws identified in company systems, is still growing in the country.

Yet the data security issue is one of the most talked about lately, mainly due to the high vulnerabilities that migrating to the home office has produced.

Lost and stolen records in Brazil generated a US$1.35 million loss last year alone, according to a study conducted by IBM.

According to BugHunt’s COO Bruno Telles, the event will be a game changer for the information security market in Brazil. “Companies are becoming aware that they can use the knowledge and creativity of bughunters to promote fast development in the cybersecurity maturity of their systems.”

The event

BugHunt Con expects over 5,000 people registered for the three days and should feature over 80 experts searching for glitches.

From 5 PM to 8:30 PM Brasilia time, August 2, 3, and 4 will be dedicated to glitch hunters, competing to find vulnerabilities in company systems.

During the competition, bughunters will have to find flaws in controlled systems and report them to the event’s private bounty program through the BugHunt platform, co-founder of the event and Brazil’s first Bug Bounty platform.

The first to detect flaws will be rewarded with symbolic sums according to the maturity of each one, classified as low, medium, high or critical. Prizes range from R$50 to R$500 and on the last day the jury will decide the winners and how much each one will receive.

“The flaws will represent the reality of a Bug Bounty. Although the company created for this event does not really exist, glitches will be built by professionals who understand and live from this,” explains BugHunt’s CEO Caio Telles.

On its last day, August 7, the event will promote a series of lectures and panels about the market, in addition to the announcement of the winners.

Anderson Reis, Lead Security Engineer at Enjoei, a Brazilian e-commerce platform, will address how Bug Bounty can help companies increase their security maturity.

“It is important that this mode is brought to companies’ attention, because in the current scenario it is no longer enough to rely only on traditional solutions, but rather on the creativity of several professionals,” Bruno Telles said.

Source: Exame

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.