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How to Make Millions by Hacking? (Bug Bounty)

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As you may know, not all hackers are criminals, and most of the time companies give white-hat hackers rewards under the name bug bounty program to find their own vulnerabilities. In this article, we will talk about two young white hat hackers.

Large companies send a certain prize to those who find system weaknesses within the scope of bug bounty programs. Apple recently proposed a $ 1 million reward to anyone who could break an iPhone using a special hack method.

Business Insider exchanged emails with two young hackers who made a career with bug bounty and became a millionaire. 19-year-old Santiago Lopez and 24-year-old Nathaniel Wakelam …

Santiago Lopez, The First Bug Bounty Millionaire Ever

Santiago Lopez, 19, lives with his family in Buenos Aires. In February, it was officially the first bug bounty millionaire to date, according to the bug award platform HackerOne. Lopez started hacking at the age of 15 and won his first prize ($ 50) at 16. He didn’t realize his career would come to this point until he made a deal with HackerOne.

I have come to realize how much money you can earn through ethical hacking. The platform led me to lead organizations that paid very good money for security holes, so I had the opportunity to make a lot of money and really make a career. I usually spend about six or seven hours a day, so it’s almost like a full-time job. When you find a bug, this is the best feeling in the world. 

“I’ll always want to hack because I’m having fun, but at some point I want to go to university and start working. After that, I want to establish my own company on the security field. Hacking will always be a big part of my life. “ He said.

Nathaniel “Naffy” Wakelam Who Started Hacking As a Student

Australian-born Nathaniel Wakelam is a 24-year-old chief information security officer in a security consultancy. Like Lopez, Wakelam started hacking when he was young, spending most of his time hacking a video game to give him an unfair advantage. Although he doesn’t want to say the name of the game but he says it’s a big MMO game.

At first, he started to make money as a student who was short of cash. ” I was struggling to pay the rent for my first semester of college. I worked five hours a week in a call center for five hours. After doing this for a month, I realized it was unsustainable. At the same time, Yahoo had recently created bug bounty programs. I quickly won $ 60,000 bug bounty prizes and decided to do it full time. ” said.

Nowadays, Wakelam is working intensively with Riot Games, the game studio behind the most popular game, League of Legends. Unlike Santiago, Wakelam’s program is diverse. 

Wakelam also said that he could not imagine a future for himself without hacking. 

“After many years working in both the consultant and bug bounty field, I recently started a computer security consulting called Gravity. I am constantly interested in new challenges and experiences in this area. I can not see myself doing anything else. ”  he said.

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