A Bug Bounty Perspective on the Disclosure of Web Vulnerabilities Jukka Ruohonen Luca Allodi University of Turku Eindhoven University of Technology Email: juanruo@utu.fi Email:
[email protected] Abstract—Bug bounties have become increasingly popular in OBB is mostly a community-based platform that neither pays recent years. This paper discusses bug bounties by framing these for the vulnerabilities disseminated nor explicitly engages with theoretically against so-called platform economy. Empirically the vendors through a subscription model. As will be shown, both interest is on the disclosure of web vulnerabilities through the Open Bug Bounty (OBB) platform between 2015 and late 2017. terms are important for a theoretical framing of bug bounties. According to the empirical results based on a dataset covering The paper’s main empirical findings, theoretical points, and nearly 160 thousand web vulnerabilities, (i) OBB has been contributions can be summarized and generalized as follows: successful as a community-based platform for the dissemination of web vulnerabilities. The platform has also attracted many • Bug bounty platforms in general align well with the productive hackers, (ii) but there exists a large productivity gap, theories about network effects and platform economy. which likely relates to (iii) a knowledge gap and the use of auto- mated tools for web vulnerability discovery. While the platform • However, when excluding the crowd-sourcing elements, (iv) has been exceptionally fast to evaluate new vulnerability innovation seems limited from a business perspective; submissions, (v) the patching times of the web vulnerabilities disseminated have been long. With these empirical results and most current bug bounties mimic the business models that the accompanying theoretical discussion, the paper contributes have been used already in the older vulnerability markets.