Southeast Asia eCommerce platform Lazada launches public bug bounty program with YesWeHack (PR Newswire)
Southeast Asia's leading eCommerce platform Lazada announces the launch of a public bug bounty program with YesWeHack to identify vulnerabilities, after running a successful 18 month-long private program. Since January 2020, Lazada has been working with ethical hackers to detect security vulnerabilities in its IT environment as part of a private bug bounty program, and is now opening the program to the entire cybersecurity community.
With the launch of this public Bug Bounty program, Lazada is making a statement to the eCommerce industry, and highlighting the priority it places on security and transparency for its customers and partners, by offering security researchers up to US$10,000 per bounty.
Protecting customer data is a top priority
Founded in 2012 and headquartered in Singapore, Lazada is one of the leading e-commerce platforms in Southeast Asia and was acquired by Alibaba Group in 2016. The company, which has operations in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam, also offers logistics, retail technology and payment services solutions, in addition to LazMall, the region's largest virtual mall with over 18,000 brands.
Since the launch of its private bug bounty program, Lazada has worked with over one hundred ethical hackers to surface vulnerabilities, and has awarded over US$150,000 in bounties to security researchers. This includes a pre-launch event for the public program conducted that saw hackers from the YesWeHack community identify vulnerabilities in 48 hours.
"Given the importance of data and personal information, Lazada takes great care in protecting our customers and we have worked to patch these vulnerabilities, to ensure a safe shopping platform. With the evolving nature of data security, as well as the aggressive nature of hackers who exploit technology to steal data, we believe in working with the larger cybersecurity community to strengthen our IT ecosystems," says Alan Chan, Chief Risk Officer of Lazada Group.
"Since working with YesWeHack, we have improved our security by enhancing our Secure Software Development Process, to avoid the same type of vulnerability coming up again. It has been very useful to verify with the wider researchers that our security monitoring can catch exploitation of vulnerabilities."
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