A few years ago, if someone found a vulnerability in a website, it was not easy to find the right method to contact the web application owners and then too after contacting them it was not guaranteed that they would respond in time or even at all. Then there was also the factor of the web application owners threatening to sue the reporter. All of these problems were solved by vulnerability co-ordination platforms or bug bounty platforms. A bug bounty platform is a platform that manages programs for different companies. The management includes:

• Reports
• Communication
• Reward payments

There are a number of different bug bounty platforms being used by companies nowadays. The top six platforms are explained in the following sections.

HackerOne is a vulnerability collaboration and bug bounty hunting platform that connects companies with hackers. It was one of the first start-ups to commercialize and utilize crowd-sourced security and hackers as a part of its business model, and is the biggest cybersecurity firm of its kind.

Bugcrowd Inc. is a company that develops a coordination platform that connects businesses with researchers so as to test their applications. It offers testing solutions for web, mobile, source code, and client-side applications.

Cobalt's Penetration Testing as a Service (PTaaS) platform converts broken pentest models into a data-driven vulnerability co-ordination engine. Cobalt's crowdsourced SaaS platform delivers results that help agile teams to pinpoint, track, and remediate vulnerabilities.

Synack is an American technology company based in Redwood City, California. Synack's business includes a vulnerability intelligence platform that automates the discovery of exploitable vulnerabilities for reconnaissance and turns them over to the company's freelance hackers to create vulnerability reports for clients.