How AI is ruining bug bounty programs wherein tech companies pay millions of dollars for finding flaws

For several years, the world’s biggest tech companies have relied on a simple, highly effective security strategy: pay friendly, independent hackers millions of dollars to find and report flaws in their software before cybercriminals can exploit them. As AI becomes sophisticated, that entire ecosystem is facing a massive crisis. According to a report, Generative AI tools are flooding these “bug bounty” programs with a relentless wave of automated, low-quality, and completely fake reports – forcing some organisations to shut down their payout programs entirely.

Why cybersecurity companies are frustrated