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Bug bounty is a program offered by companies and organizations that rewards individuals or groups who find and report security vulnerabilities or bugs in their software or systems. The goal of a bug bounty program is to incentivize ethical hackers or security researchers to help identify and fix potential security issues before they can be exploited by malicious actors.
Bug bounty programs are typically open to the public and anyone can participate, including freelance hackers, security researchers, and even hobbyists. Participants are encouraged to find and report security vulnerabilities in the company's software or systems, and are rewarded with monetary compensation, recognition, or other rewards, such as swag or invitations to exclusive events.