Monday, May 20, 2019

White Hat Hackers Can Make a Good Living

It pays to be a hacker. Whether you’re fixing problems or adding to the deadly mix out there, there’s a lot of money to be made if you know how to infiltrate computer networks.

Scary, but Super Skills

If you’re in the former category, you’re what’s considered a “white hat hacker.” These are individuals hired by tech companies and similar enterprises to fix bugs in their systems for a fee. You have the knowledge necessary to access computer networks and browse through whatever data is available. You choose to use your computer skills for the greater good.

Despite all we hear about hackings and crypto thefts, white hat hackers are more common than mainstream media would have us believe. In fact, such individuals made over $32,000 in just the last seven weeks alone making tech companies stronger, better and easier to manage.

Among the networks fixed were Tron, EOS, Brave and Coinbase. There were also several blockchain companies stationed throughout the U.S. that got a taste of “white hat hacking.” In all, about 15 separate blockchain-based enterprises were treated to the skills of these hackers between the dates of March 28 and May 16, 2019.

In addition, about 30 separate bug reports were released which detailed the kinds of issues these networks were facing and what was done to correct them. Omise, for example, is a software firm responsible for the Omise Go cryptocurrency many enthusiasts and traders have come to love. The company is reported to have received about six fixes from white hat hackers, thereby incurring the most corrections of all surveyed ventures.

In second place is Augur, which garnered a total of three individual fixes. Brave also released three corrections. Brave is a popular internet application that issues its own cryptocurrency and offers anonymous browsing properties to its userbase.

What’s great about being a white hat hacker is the kind of good, honest money you can earn. For example, it’s estimated that all the fixes incurred by Omise were worth approximately $100 each, but the persons responsible for the corrections were paid much more than that.

Hackers Can Be Decent Contractors

One can see just how much a trustworthy hacker’s skills are desired when they examine the statistics released by EOS, a direct competitor to the Ethereum network. EOS gave one of its fixer-uppers a whopping $10,000 payment just for correcting one problem. How much money it issued for every fix has not yet been revealed at press time.

In addition, Tron paid more than $3,000 to a hacker who alleged that the company’s blockchain system was susceptible to faulty or fraudulent smart contracts that could have ultimately ended the blockchain’s operations. In a world full of crime and malicious behavior, it still pays to have an honest living at your heels.

The post White Hat Hackers Can Make a Good Living appeared first on Live Bitcoin News.



White Hat Hackers Can Make a Good Living

Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.


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