Bug bounty platforms are online services that connect organizations with ethical hackers who identify and report security vulnerabilities in their software or systems. Companies offer monetary rewards, or "bounties," to incentivize these hackers to find and disclose issues responsibly, rather than exploiting them. This collaborative approach helps improve cybersecurity and protect sensitive data. These platforms, such as HackerOne and Bugcrowd, provide a structured environment for both hackers and organizations. They facilitate communication, manage submissions, and ensure that vulnerabilities are addressed promptly. By leveraging the skills of the hacker community, companies can enhance their security posture effectively.