The upgraded program will pay as much as $2 million for anyone reporting security vulnerabilities.
The American Wild West seems to be making a bit of a comeback in the rawer reaches of our highly digitalized, albeit increasingly fraud-prone, banking and investment world.
Earlier this year, the US Department of Justice cited the old «Wanted» posters when announcing a pilot program for whistleblowers related to financial crime and corruption.
Upgraded Program
Closer to home, Singapore’s Crypto.com is getting into the action, according to an announcement released on Tuesday.
It is joining together with HackerOne to upgrade its existing «bug bounty program», offering up to $2 million in rewards for anyone reporting security vulnerabilities.
Critical Gaps
«When you operate a global app serving more than 100 million customers, finding critical security gaps before bad actors do is essential to system integrity and customer trust,» said Kara Sprague, CEO of HackerOne.
Crypto.com is actually getting closer to the real history of 19th-century America than one might think, as a link on StackExchange seems to show.
Different but Same
Back then, according to them, it appears that neither state nor federal governments issued the large numbers of wanted posters that the old Western movies would have us believe.
Instead, they were mostly put up by private corporations such as Wells Fargo and railroad companies. Almost two centuries later, Crypto.com is following in their footsteps, just from a somewhat more civil and orderly location, at least if our conventional understanding of history back then is accurate.
