California security company Synack is using a new business model to help customers increase their cybersecurity.

By Megan Gates

► California security company Synack is using a new business model to help customers increase their cybersecurity. Synack is putting a bounty out on the network and data security threats a business could face and will pay the best hackers to uncover them, according to Tech Crunch. The strategy was developed by company founders Jay Kaplan and Mark Kuhr, who both previously worked at the National Security Agency (NSA) as senior analysts. “Organizations have been ill-equipped to deal with their security challenges—especially in terms of locating and spotting security vulnerabilities,” said Kaplan, Synack’s chief executive, in an interview with Tech Crunch. “We bring together a global contingent of the top security experts worldwide and pay them on a bounty basis to discover security vulnerabilities in our customers.” So far the new business model has attracted $7.5 million from investors, including Google Ventures.

www.securitymanagment.com