Genians Launches Bug Bounty Program... "Providing Reliable Service"
[Asia Economy Reporter Park Hyungsoo] Integrated security platform company Genieons announced on the 31st that it will implement its own Bug Bounty program aimed at providing safe products and services.
The Bug Bounty program is a system that rewards individuals who find vulnerabilities in software or web services. Bug Bounty quickly identifies and inspects security vulnerabilities in products and services and provides appropriate compensation for the efforts of security experts. It not only prevents security breaches caused by exploiting vulnerabilities in advance but also serves as a foundation for nurturing next-generation security experts such as white hat hackers. Major companies like Google and Microsoft actively operate Bug Bounty programs to strengthen security.
In Korea, the Bug Bounty program is operated mainly by the National Cyber Security Center (NCSC) and the Korea Internet & Security Agency (KISA). Currently, 21 organizations, including Naver and Genieons, jointly operate KISA’s security vulnerability reporting reward system. Genieons has participated as a co-operator of KISA’s software new vulnerability reporting reward system.
The in-house Bug Bounty program was promoted to strengthen the status as a leading company that actively and proactively responds to security issues and to prevent customers’ cyber threats in advance. Genieons’ Bug Bounty program targets the network access control solutions ‘Genian NAC’ and ‘Cloud NAC CSM Service.’ Vulnerabilities in currently operated services such as the Genieons homepage are excluded from evaluation and rewards due to concerns about illegal hacking and lack of verification authority under relevant laws.
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Genieons CEO Lee Dongbeom said, "The biggest purpose of the Bug Bounty program is to prevent irreversible situations caused by security vulnerabilities in advance." He added, "It will greatly help not only to secure the stability of products and services but also to actively respond to security issues first and strengthen the company image leading the next-generation security market."
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