CrowdCurity - Bitcoin, Security and Reward Programs
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CrowdCurity - Bitcoin, Security and Reward Programs

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A presentation from a pitch by CrowdCurity done at Plug and Play in Sunnyvale at the 5th of December 2013. The key topic was how running a reward program / bug bounty program can help to improve the ...

A presentation from a pitch by CrowdCurity done at Plug and Play in Sunnyvale at the 5th of December 2013. The key topic was how running a reward program / bug bounty program can help to improve the security for a bitcoin business

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CrowdCurity - Bitcoin, Security and Reward Programs CrowdCurity - Bitcoin, Security and Reward Programs Presentation Transcript

  • CrowdCurity A  fresh  approach  to  security  tes0ng!   ”Bitcoin websites are prime targets for cyber-attacks. Now, a company called Crowdcurity wants to apply the wisdom of crowds to make them more secure” ”Bugcrowd and similar marketplaces, such as Danish firm CrowdCurity and Synack, are democratising the crowdsourced penetration testing model which has previously been only available to the biggest software companies that can afford to pay out millions of dollars” ”We’ve all heard how hackers wishing to compromise websites are using more advanced techniques - A new startup, CrowdCurity, aims to hit hackers with similar approaches to shift the balance in power in favor of the good guys”
  • CrowdCurity The Problem
  • CrowdCurity Why is it Difficult to Solve? •  Distributed  and  self-­‐organizing  threat   •  Cannot  be  solved  by  using  centralized  and  automa9c  solu9ons  
  • CrowdCurity The Solution Crowdsourced Security Testing "99designs  meets  IT  security”  
  • CrowdCurity How it works 1.  Security  Test  Needed   An  owner  of  a  successful   online  business  wants  to   test  the  security  of  his  web   applica9on.   7.  Fix  and  con0nue   CrowdCurity $   2.  Create  Reward  Program   He  creates  a  vulnerability   reward  program  through  an   easy  to  use  submission   form  at  crowdcurity.com   3.  Marke0ng  to  testers   The  reward  program  is   marketed  to  the  crowd  of   skilled  testers  from  around   the  world   The  business  fixes  the   vulnerability  and  the   business  owner  keeps  the   reward  program  to  discover   more  vulnerabili9es   6.  Payment  Mgmt.   If  a  reward  is  given   CrowdCurity  handles  the   payment  to  the  tester  and   charges  the  business  a  20%   service  fee.   5.Business  Evaluates   4.  Tester  finds  vulnerability   A  tester  finds  a  vulnerability   in  the  web  applica9on,  and   submits  the  details  of  it   through  an  easy  to  use   form  at  crowdcurity.com   The  business  evaluates  the   vulnerability  and  decide  if  it   is  eligible  for  a  cash  reward.   The  feedback  is  given   through  crowdcurity.com  
  • CrowdCurity Example Cases •  •  •      Bitcoin  Busineses   <10  Employees   Valuable  Assets   Focused  on  security   •  •  •      Reward  Program   Reward  sizes  $25-­‐1000$   Crowdsource  testers   Best  Prac9ce  Rules   •  •  •      The  Test   100+  testers  par9cipated   6  con9nents  represented   20+  vulnerabili9es  rewarded  
  • CrowdCurity The Team Jacob  Hansen   Chris0an  Hansen     Co-­‐founder   Rails  Developer  &   M.Sc.  Applied   Economics  and  Finance.   2+  years  of   interna9onal  consul9ng   background.     Key  skills   •  Web  development   •  Business  consul9ng   Co-­‐founder   M.Sc.  Applied  physics   engineering.  6+  years   experience  as  iOS/web   app  developer  and  3D   computer   Simula9ons.     Key  skills   • iOS  development   • Web  development   • Engineering           Jakob  Storm     Co-­‐founder   B.Sc.  Man.engineering,   Master  in  Interna9onal   Business.  5+  years   experience  working   with  supply  chain  and   SAP.     Key  skills   • Project  mgmt.   • Supply  chain  mgmt.   Esben  Friis-­‐Jensen     Co-­‐founder   M.Sc.  applied   Mathema9cs   engineering.  3+  years  of   interna9onal  consul9ng   background       Key  skills   • Project/Test  mgmt.   • Business  consul9ng  
  • CrowdCurity WWW.CROWDCURITY.COM Simple  intui0ve  layout  and  instruc0ve  videos      Forms  for  submiVng  programs  and  vulnerabili0es   Nice  dashboard  with  an  overview  of  the  tests   Easy  to  use  views  of  programs  and  vulnerabili0es