Provaris has advised Hackrate on the development of an "ethical hacking services" offer for clients.
Provaris describes Hackrate as "one of the first CEE bug bounty and ethical hacking platforms, which help companies manage cybersecurity risks by managing bug bounty programs." According to the firm, Provaris "provided legal support in the development of the legal framework for Hackrate to offer ethical hacking services for program sponsors e.g., corporations, banks and other multinationals who wish to mitigate their cybersecurity threats and vulnerabilities and participate in bug bounty programs as sponsors."
According to Provaris, a "bug bounty program" is an offer by program sponsors to provide recognition and compensation to individuals who report software bugs, especially pertaining to "security exploits and vulnerabilities."
The Provaris team included Partners Adam Liber and Tamas Bereczki and Associate Krisztian Szilagyi.