On HackerOne  platform, there are 1500 hackers. They alert the reputed target companies about the bugs in their system and how they can fix them. It gets 20 per cent communication and a bounty paid for its service. HackerOne was started by Prins and Abma with Merijn  Terheggen, a Dutch entrepreneur. Facebook’s Rice is the fourth co-founder who joined them when they fixed a bug in Facebook after writing to Sandberg. Cyber-criminals examine the private and government systems for their vulnerabilities and then breaking. Companies pay HackerOne and other such cyber-security firms quote a price to fix the bugs.
At times it is in millions. At times, it is nil. HackerOne has fixed around 9000 bugs and earned $ 3 million as revenues. Some companies have started their official bounty programmes for ethical hackers, say an airline giving them flier miles.