Crowdsourcing Cybersecurity Defense

April 12, 2019 By IdeaConnection

Crowdsourcing Cybersecurity DefenseWith the threat of cyber attacks ever present numerous companies are turning to the crowd to address the dangers they face. 

According to a recent survey of 200 cybersecurity decision-makers, one of the motivating factors driving organizations to embrace crowdsourcing is a chronic shortage of cybersecurity measures.

Security Leadership Study - Trends in Application Security was compiled by crowdsourced cybersecurity company Bugcrowd in conjunction with Enterprise Strategy Group (ESG). It was based on a survey of 200 CISOs and cybersecurity decision-makers in the United States and Canada.

"The scope of cybersecurity continues to expand as attackers and defenders develop new strategies and tactics in response to the ongoing broad adoption of the cloud and mobile," said Doug Cahill, senior analyst at ESG.

"As attack surfaces expand and adversaries gain additional opportunities for penetration, security leaders are looking to crowdsourced security platforms, like Bugcrowd, that can effectively scale in the same continuous nature as the development process."

Findings

Among the key findings of the report are:

  • Nearly 90% of the companies surveyed are running or planning to run a crowdsourced security program at some point.
  • Crowdsourced security delivers ROI with many companies paying for valid results rather than for time or effort.

 

Following the release of the report, Bugcrowd chief security officer David Baker explained that many decision-makers are becoming less concerned about relying on external validated testers. There's not as much of the fear factor of previous years over sharing information about potential vulnerabilities with validated members of the crowd.



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