The ethical hacking community on the HackerOne platform has earned over $300 million in total rewards, with some hackers making more than a million dollars individually. Generative artificial intelligence (GenAI) has become a crucial tool for hackers, with 61% intending to create hacking tools that employ GenAI. Organizations in the cryptocurrency and blockchain sector offer the highest average total prizes for hackers. Hackers have become instrumental in addressing the skill and knowledge gap within organizations, preventing serious cyber crises. Exploited vulnerabilities pose a greater danger than nation-state actors, insider threats, and phishing. The average remediation time for vulnerabilities has decreased by 10 days, with aviation and aerospace industries being the slowest to patch. Hackers are exploring new career paths in "Pentesting" and "Secure Code Review". The report highlights the importance of a limited scope and prompt response times in encouraging hackers to report vulnerabilities. #bugbounty #cybersecurity #cybersecuritynews
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