An increasing number of hardware and software vendors have formal bug bounty programs. The U.S. Department of Defense set up its first bug bounty after several years of watching the software industry. Katie Moussouris, CEO of Luta Security, helped the DoD prepare for their bug bounty while working at HackerOne. Bug bounties are really just a subset of vulnerability disclosure with a particular incentive. They can be a useful tool. Just like any other incentive program, you’re trying to incentiv certain types of behavior, certain types”]
Source: https://www.csoonline.com/article/3172547/why-you-need-a-bug-bounty-program.html