Huge Number of Hackers earn over $100000 a year

Sep 16, 2016 | 12:10 pm

Published by | Chandan Singh

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There is not a question that breaking into your computer and finding ways to get it to share its data or become a member of your zombie computer military is a valuable skill – a skill that can be used permanently or evil.

We know that this skill will pay well for many who put it to use for evil. It’s hard to track what the average high-end hacker earns, normally, but just one type of that sort of thing, ransomware, has to be quite a profitable business.

Ransomware is where a hacker finds a hole in your computer system’s security and uses it to install software that locks your computer or its files, and will only unlock them once you pay a ransom. People reported to the FBI that they paid a total of $24 million in such scams in 2015, which amount could be higher as it only counts those who reported the hack into.

But it turns away, the good-guy hackers can also make a good living by participating in what’s known as insect bounty programs, according to new research from HackerOne, a startup that orchestrates bug bounty programs.

A bug bounty program is when a company, (or government agency or other organization) invites hackers in order to into their software and then pays them bounties for the bugs they find. The more serious the bug, the bigger the resources.

Google earlier recently declared that it would pay $200,000 to a hacker who finds the best bug in Google android, within its new “The Project Zero Prize” Second prize is $1000,000 and third is $50,000. That kind of money isn’t typical though.

For example, Microsoft will pay between $500 to $15,000 for certified bugs found in the new Edge browser.

However for those that dedicate themselves to it, they can make a nice living, or some serious moonlighting cash.

Source: Business Insider India