Buglab - Ethereum Base Cybersecurity Penetration Testing

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Security issue has been a major concern all over the universe both in business and finance, healthcare, information technology and all other sectors around the globe. Nowadays, where we manage and carry out almost all our lives activities digitally, there has been a persistent call by security agencies for security awareness because of an increase and continuous attacks on digital assets and information which put many agencies and companies at an unimaginable lose of over millions of dollars.

What is cybersecurity

Cybersecurity is the technologies, processes and controls designed to protect Internet connected systems, including hardware, software and data from cyber attack. Cyber attack is usually aimed at accessing, changing or destroying sensitive information; extorting money or interrupting business processes.

In July 2017 Equifax witness one of the biggest security breach that compromise personal data of about 145 million people.

Yahoo also witness this great cyber attack around 2013 where over 1 billion yahoo account were hacked.

This massive security breaches caused by cyber attack have been witness in different businesses, companies and agencies in various sectors. The hackers make use of different methods like spreading of malware, phishing and social engineering.

Research have shown that by the year 2021, the cyber attack damage cost to hit 6 trillion annually up from 3 trillion in 2015.

As at 2017 the global ramsonware damage was predicted to cost over 5 billion which was expected to increase to 11.5 billion in 2019.

Cyber attacks are one of the greatest challenges or threat to every company and as a billionaire businessman Warren buffet once said "cyber attacks are the number one problem with mankind, even worse than nuclear weapons" it's a challenge that needs optimum attention and BUGLAB have taken up the challenge to help companies drastically mitigate and prevent the occurrence of cyber attacks by establishing a buglab platform that offers a competitive, incentivized challenges know as a contest to a group of certified independent information security consultants.

Greater need for the cybersecurity service platform such as buglab arises due to the huge financial resources and intensive time involved in fighting and preventing cyber attacks which most companies especially small and medium enterprises lack. Buglab offers ethereum blockchain Based cybersecurity penetration test platform with the solution to cyber attacks which is easy, accessible and cost efficient both to small and big business enterprises unlike traditional means of cyber security services.

Traditional methods of fighting cyber attacks and their associated problems

Below are some of the methods employed by the traditional cybersecurity service organisations.

Penetration test carry out by the cybersecurity organisation.

Traditional firms charged in accordance with the number of hours spent conducting the Penetration test. Cyber security firms assigned only one or two pentesters to carry out the test thereby limiting the scope of service been rendered.

Bug bounty challenge. Cybersecurity consulting firms charged per number of security breaches or vulnerability discovered, at the end the company may end up paying for things that are not relevant to them or their customers.
Bug bounty program. The company is required to pay for each security issue detected in their system, which at the end the company may not be able to take care of the charges. This method is not cost efficient and not feasible with small and medium enterprises.

Buglab platform solutions

Buglab platform brings together companies and organisations that needs cybersecurity services and the group of certified cybersecurity penetration test experts, where penetration testers are incentivized with rewards for detecting vulnerability and giving possible remedies which will be ranked according to the level of severity and importance. It's organised as a contest where the time taken to discover vulnerability and the uniqueness of the vulnerability are been considered and prioritise. More details on the Website https://buglab.io/

Important features of buglab platform

Buglab platform uses two major instruments "Contest and Vigilante Protocol" in helping companies to discover, and fix vulnerabilities and in preventing cyber attacks.

Below are the main features of buglab platform which are segmented into various sections according to the organisational needs.

public test. The whole community of pentesters receives an invite to particiate in a contest once it's launched.
private test. The platform provides an option for the companies to choose from the community some pentesters to carry out the challenge.
selection filters. The platform made this option available to the companies to enable them narrow down their search in selecting pentesters.
Triage system. The system sort vulnerability issues submitted by pentesters and report the relevant submissions to the company.
Report. The security issues discovered during the contest are reported to the company.
client managed. The company have the option of choosing from the three different types of contest management (Basic, Pro, and Enterprise).
Mediation. If the company choose to manage the contest themselves, pentesters can ask for mediation from the buglab.
Leaderboard. The pentesters are ranked on dashboard according to their input or vulnerability cases discovered in the contest.
chat. After reporting the detected vulnerabilities, the company engage in discussion with the pentesters on how to fix the discovered vulnerabilities.
Fix companion. The buglab platform will confirm if the vulnerabilities detected are correctly fixed.
Real time reporting. As the contest is going on, the company is allowed to monitor the progress and always in contact with the pentesters for possible recommendations for discovered vulnerabilities.
Money back guarantee. If at the end of the contest, the pentesters couldn't detect any vulnerabilities, 90% of the money paid for the contest will be refunded back automatically by the buglab smart contract while 10% will be retained in the vigilante protocol reserve which is not refundable.
Vigilante Protocol

This is a global program in buglab platform established with the aim of helping companies who are not part of the buglab platform to detect and report vulnerabilities by whitehats which they may not be aware of.

Main features of vigilante Protocol

computer Emergency Response Teams (CERT) and Computer Security Incident Response Teams (CSIRT) partnership: Buglab will corporate with CSIRT and CERT so as to validate the whitehat vulnerability findings and help the companies in fixing them.
Automatic reward: once the whitehat detect and share vulnerability and it's verified, the whitehat will be automatically rewarded through the smart contract.
Entrusted model: with the involvement of buglab and CERT as middlemen, both whitehats and the companies feel secure.
Token and ICO information

Token code_____________BGL

Total supply____________425,000,000

Tokens for sale_________170,000,000

Softcap_________________6,000,000

Hardcap________________$20,000,000

Token price_____________0.15

Blockchain______________Ethereum Erc20

Presale start on 30th June and end on 4th August 2018

Main sale start on 11th August and end on September

Token sale Bonus

Presale_____________________25%

Presale Minimum contribution $3500 worth of ETH