Case Study: Wise achieves stronger payment security with Bugcrowd

Wise finds first critical vulnerability within 24 hours with Bugcrowd

Wise, a global technology company building the best way to move money worldwide, faced a challenge as traditional compliance-oriented penetration testing was not providing sufficient depth and breadth for their security needs. They turned to the vendor Bugcrowd to implement a Bug Bounty Program to adopt a more real-world, crowdsourced security approach.

Bugcrowd's solution began with a private bug bounty program that quickly identified a critical vulnerability within 24 hours of launch, a flaw that would not have been found in a traditional test. The program was later expanded to public, allowing Wise to receive submissions at a higher volume and velocity. This helped Bugcrowd provide Wise with improved risk reduction, expedited threat mitigation, and more secure applications, ultimately leading to a scalable vulnerability management process and greater security maturity for the organization.

Wise