Now on Demand Ransomware Resilience & Recovery Summit - All Sessions Available
Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

1Password Increases Top Bug Bounty Reward to $1 Million

Password management software vendor 1Password today announced that it is willing to pay up to $1 million to researchers able to steal secrets from its vault.

The top reward is offered as part of the company’s bug bounty program that has been running on Bugcrowd for years.

Password management software vendor 1Password today announced that it is willing to pay up to $1 million to researchers able to steal secrets from its vault.

The top reward is offered as part of the company’s bug bounty program that has been running on Bugcrowd for years.

Since 2017, the top reward offered through the bug bounty program has been $100,000. Despite hundreds of attempts, however, no researcher has claimed it so far.

Over the past four years, 1Password paid out $103,000 in bug bounty rewards to participating researchers. To date, a total of 115 payouts were handed out via Bugcrowd, at an average of $900 per reward, but only for minor vulnerabilities.

[ READ: 1Password Raises Mammoth $620 Million Funding Round ]

The newly announced $1 million reward is expected to attract more researchers to the bug bounty program and help 1Password further improve the security of its products.

Researchers looking to earn the $1 million reward need to break into a white box testing account to retrieve a flag – a note that contains bad poetry.

“There are no known vulnerabilities that will award you access to the bad poetry; there is no starting point, and it’s not a game with a guaranteed reward. Phishing, malware, and anything that involves tricking or compromising a 1Password member’s account are not allowed,” the company says.

Advertisement. Scroll to continue reading.

The company is willing to answer general questions regarding its bug bounty program and also offers a special tool to help researchers investigate 1Password.com requests and responses, but won’t provide direct assistance to help with capturing the flag.

Bug bounties of $1 million or more have also been offered by Google, Apple and several cryptocurrency companies.

Related: Salesforce Paid Out $12.2 Million in Bug Bounty Rewards to Date

Related: Google Paid Out $8.7 Million in Bug Bounty Rewards in 2021

Related: Cloudflare Launches Public Bug Bounty Program

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

People on the Move

MSSP Dataprise has appointed Nima Khamooshi as Vice President of Cybersecurity.

Backup and recovery firm Keepit has hired Kim Larsen as CISO.

Professional services company Slalom has appointed Christopher Burger as its first CISO.

More People On The Move

Expert Insights

Related Content

Vulnerabilities

Less than a week after announcing that it would suspended service indefinitely due to a conflict with an (at the time) unnamed security researcher...

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Data Breaches

OpenAI has confirmed a ChatGPT data breach on the same day a security firm reported seeing the use of a component affected by an...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...