YesWeHack announces record Asia growth

KUALA LUMPUR, Jan 22 -- YesWeHack has announced record 250 per cent growth last year in Asia, including a 120 per cent increase in the number of Bug Bounty programmes launched on the YesWeHack platform.

On the hacker side, YesWeHack’s Asian community has more than doubled, and now represents 35 per cent of the total community of 21,000 hunters, according to a statement.

Created in 2013 in France and established since 2019 in Singapore, this growth underscores YesWeHack’s position as one of the leading players in crowdsourced security in Asia, confirming its position as the only alternative to American platforms.

The technology sector was the first market to adopt the crowdsourced security model, and remains the most significant market for YesWeHack, followed by the finance and insurance sectors, which respectively represent 35 per cent and 26 per cent of the Bug Bounty programmes launched on the platform last year.

The financial sector is predicted to rebound significantly during 2021 as a result of the guidelines issued by the Monetary Authority of Singapore, which for the first time include Bug Bounty as a means for financial institutions to discover IT system vulnerabilities.

On the growing demand for crowdsourced security, APAC Managing Director, Kevin Gallerin, says: “2020 marked a turning point for Bug Bounty in Asia. CISOs now consider Bug Bounty as an indispensable and agile tool to secure their organisations.”

-- BERNAMA