SquareX, the browser-based cyber security tool founded by cybersecurity entrepreneur Vivek Ramachandran, has successfully concluded its highly anticipated Bug Bounty program. This achievement reaffirms the software’s robustness and effectiveness in safeguarding users online.
SquareX, a Singapore-based start-up was launched by Vivek Ramachandran, a well-known cyber security expert and serial entrepreneur. SquareX is working on a consumer-focused browser-based security solution to empower users to be brave online. The business recently completed a $6 million seed investment funded by Sequoia Capital South East Asia, which allowed them to expedite the creation of their ground-breaking security solution.
“The results of the Bug Bounty program are very encouraging,” said Vivek Ramachandran, Founder of SquareX. “The rigorous testing that we received from the global hacker community allows us to establish trust amongst our users and underscores our security-first product-building philosophy.”
Security enthusiasts and experts from across the globe joined forces during the six-week Bug Bounty initiative, designed to rigorously test the resilience of malware.rip. The program, which featured prizes reaching USD 25,000, attracted a notable influx of Bug Bounty hunters, with a strong presence from India, the United States, and Germany.
Collaborating alongside experienced hackers and researchers from diverse corners of the world, participants carried out thousands of automated scans and targeted assaults on Malware.rip in a collective endeavor to uncover and report any potential security vulnerabilities. In a bid to further engage the bug-hunting community, SquareX raised the stakes midway through the program by doubling the prize pool and introducing intriguing “Easter Eggs” as an added incentive.
Despite these efforts, SquareX announced the absence of any major bugs discovered during the Bug Bounty program. While the hacking community displayed unwavering persistence, only a single “Easter Egg” vulnerability was identified. The outcome underscores SquareX’s commitment to fostering a collaborative environment where bug bounty hunters and researchers collaborate to enhance software security.
Vivek further added “Keeping our product secure is a continuous journey and not a destination. We will continue to keep good on our promise to take security seriously to our users, and will continue to raise the bar and set new standards for security in the industry.”
Moving forward, SquareX remains dedicated to nurturing this community-driven approach. The company will continue to administer its Bug Bounty program, inviting top-notch bounty hunters and researchers to contribute their expertise by identifying and addressing vulnerabilities. This ongoing initiative reinforces SquareX’s dedication to bug-free software development, assuring the software testing audience of its unwavering commitment to robust cyber protection.