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Cryptocurrency platform expands its private bug bounty program to increase awareness around security issues amongst cryptocurrency exchanges
SAN FRANCISCO—September 20, 2018— Blockport, an easy-to-use cryptocurrency exchange that bridges the traditional world of finance with the new digital economy of cryptocurrency, today announced the company is working with Bugcrowd to maintain and continuously improve the security of its platform. Blockport, which has been running a private bug bounty program with Bugcrowd since earlier this year is now expanding the scope to include a vulnerability disclosure program. This move will provide Blockport with access to Bugcrowd’s global Crowd of security researchers and allow them to proactively be part of Blockport’s security posture.
In 2017, 2.6 billion records were stolen, lost or exposed worldwide, an 88% increase from 2016. To stem the growing tide of attacks, Vulnerability Disclosure Programs have quickly become a standard cybersecurity practice. Researchers can now submit vulnerabilities to Blockport which are then triaged and validated by Bugcrowd and prioritized for Blockport to address in subsequent releases. Bugcrowd also provides remediation advice on submitted vulnerabilities which has further differentiated the company in the market. Coordinating disclosure efforts through a formalized channel minimizes the likelihood of missing important vulnerabilities, cyber attacks and public disclosure incidents.
“Our long term goal is to grow into the most user-friendly and widely-used decentralized exchange,” said Zowie Langdon, CTO, Blockport. “The security of our users’ funds is something we take very seriously. We see it as our primary duty to empower everyone in our community to assist in keeping Blockport and its users secure. Combining our private bug bounty with a vulnerability disclosure program helps us fulfill this duty with unsurpassed coverage.”
Blockport is a community-focused platform. The increased awareness that a vulnerability disclosure program provides Blockport helps improve security both for Blockport and the industry at large. The program provides security researchers within the community a channel of communication to become directly involved with Blockport’s security, while simultaneously rewarding them for their involvement.
“Blockport stands apart not only for its focus on user security, but also on the entire industry,” said Ashish Gupta, CEO, Bugcrowd. “Having run a private bug bounty program since the launch of its private beta, Blockport has demonstrated a real commitment to security, during a time in which we’ve seen an increasing number of cyber attacks. Awareness is paramount to overcoming these threats and Blockport is leading the way in building this awareness with their vulnerability disclosure program.”
Bugcrowd manages bug bounty, next-gen penetration test and vulnerability disclosure programs for industry-leading organizations across 50 industry sectors in over 30 countries, including Samsung, Mastercard, Fitbit, Western Union, Square and Fiat Chrysler of America. For a list of public programs, visit: https://bugcrowd.com/programs.
About Blockport Blockport is an easy-to-use cryptocurrency exchange that bridges the traditional world of finance with the new digital economy of cryptocurrency.
The Beta allows you to buy, sell and exchange leading cryptocurrencies directly with Euro. If you haven’t signed up for an account yet, you can start trading immediately here.
The Blockport’s native token (BPT) allows users to pay for discounted trading fees (Binance model) and ‘social trading’ features directly on the platform. BPT is currently only available on KuCoin’s exchange, exchange, but can soon be purchased directly at Blockport with Euro.
Bugcrowd is the #1 crowdsourced security platform. More enterprise organizations trust Bugcrowd to manage their bug bounty, vulnerability disclosure, and next-gen pen test programs. By combining the largest, most experienced triage team with the most trusted hackers around the world, Bugcrowd generates better results, reduces risk through remediation advice, and empowers organizations to release secure products to market faster — with no hidden fees. Based in San Francisco, Bugcrowd is backed by Blackbird Ventures, Costanoa Ventures, Industry Ventures, Paladin Capital Group, Rally Ventures, Salesforce Ventures and Triangle Peak Partners. Bugcrowd. Outhack Them AllTM. Learn more at www.bugcrowd.com.
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