A Bug Bounty is a program offered by organizations to encourage individuals, often called ethical hackers, to find and report security vulnerabilities in their software or systems. Participants are rewarded with monetary payments or other incentives for identifying and responsibly disclosing these bugs, helping to improve overall security. These programs are beneficial for both the organization and the hackers. Organizations can enhance their security by leveraging the skills of a diverse group of researchers, while ethical hackers gain recognition and financial rewards for their contributions. Many tech companies, including Google and Facebook, run successful bug bounty programs.