After the careful evaluation of cybersecurity criteria and discussing it with various companies in the industry, we understood that bug bounty programs and penetration tests are underrated. Penetration testing examines the real-world effectiveness of existing security controls when a skilled human actively tries to hack in. While automated testing can identify some cybersecurity issues, true penetration testing considers the business’s vulnerability to manual attacks too. After all, bad actors aren’t going to stop their attacks just because the standard automated test doesn’t identify a vulnerability.
Regular penetration testing can determine infrastructure, software, physical, and even personal weaknesses and help your business develop strong controls.
For much the same reason you go to a healthcare provider for an annual wellness check, it makes sense to turn to highly trained security consultants to carry out your security testing. While you might think you’re perfectly healthy, a doctor can run tests to detect dangers you may not even be aware of yet.
We have decided to increase the weightage of a penetration test and bug bounty to 50% of the total score in the CER cybersecurity rating. We believe the increased weightage of these security solutions will increase the overall cybersecurity level of all exchanges. In Hacken, we strongly advise all exchanges to conclude penetration tests or launch a public bug bounty on any trusted platform.
Updated TOP10 exchanges by cybersecurity rating!
Recently the biggest independent crypto aggregator Coingecko has launched a public bug bounty program on HackenProof platform. More details on this notable case are here.
Visit CER.live to check if your favorite exchange is secure!
In a groundbreaking move, Hacken is set to become the first company in the Web3 industry to tokenize its equity, utilizing its own $HAI token as the conduit, opening a window of opportunity for our community to become stakeholders in our journey. Today, we proudly announce our partnership with Brickken, marking the last preparatory step