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Hackathons, Findings, and Fear: Why Bug Bounties Actually Work

Over the past five years, we’ve opened our systems to the external teams through bug bounty programs—on purpose. In this talk, I’ll share what we’ve learned from dozens of reported vulnerabilities, real-world statistics, and the unexpected patterns that emerged. You’ll hear about the types of issues we actually faced, why bug bounty hunters often outperform internal security teams, and how embracing external scrutiny made our systems more resilient. This is not a sales pitch—it’s a war diary for anyone curious (or nervous) about letting hackers in the front door.