Tokyo, Japan - September 10, 2024 - PrivTech, Inc., a leading Japanese startup specializing in privacy support, has formed a strategic partnership with Bugcrowd, the leader in crowdsourced security. This marks Bugcrowd's first strategic partnership in Japan and a significant milestone in PrivTech's expansion into the cybersecurity sector, positioning the company to offer cutting-edge solutions that address the unique challenges of the Japanese market.
As cybersecurity risks in Japan continue to escalate, the complexity of cyberattacks is also increasing. Reports indicate that 99% of unauthorized access cases in Japan originate from overseas sources. Leveraging the expertise of ethical hackers through the Bugcrowd platform will enable PrivTech to build systems and organizations that are resilient to the latest cyber attacks by identifying and addressing vulnerabilities before criminals have the chance to exploit them.
The shortage of skilled ethical hackers is particularly acute in Japan. Additionally, language barriers have prevented Japanese companies from fully accessing the expertise of global ethical hackers, leading to a predominantly domestic focus on cybersecurity initiatives. In partnership with Bugcrowd, PrivTech aims to bridge this gap by enabling Japanese companies to tap into a global pool of expertise and intelligence.
Daisuke Nakamichi, CEO at PrivTech said: "Bugcrowd aligns perfectly with our mission to fortify Japan's cybersecurity defenses. This collaboration enables us to bring unparalleled security expertise to our clients by tapping into a global network of hundreds of thousands of top ethical hackers. With Bugcrowd's platform, we can now offer our customers a proactive and comprehensive approach to securing their digital assets, meeting the growing demand for robust, scalable cybersecurity solutions."
Gary Tolmatsky, Regional Leader APJ, Bugcrowd, said: "This partnership with PrivTech is an opportunity to leverage proven methods to solve the personnel, skills, and availability gaps that are especially pronounced in Japan. The impact is significant for organizations concerned about compliance issues and the need to protect their brand and leadership from the latest threats. They now have the opportunity to receive security intelligence directly from the global ethical hacker community and safely leap ahead in security practices."
A bug bounty platform allows ethical hackers to conduct vulnerability assessments on behalf of companies, identifying weaknesses in their systems. Through this partnership, PrivTech will manage the entire process for clients--from engaging with the global bug bounty platform to project management and triage. Japanese companies can leverage professional global ethical hackers to conduct a range of security tests including penetration testing, vulnerability disclosure and attack surface management.
About Privtech
PrivTech, Inc. is a pioneering Japanese startup specializing in privacy support and cybersecurity solutions. As one of Japan's top three providers of privacy data solutions, PrivTech integrates advanced risk mitigation strategies to protect businesses from both regulatory and cybersecurity threats. With an elite team of bilingual security experts, PrivTech is committed to helping Japanese companies navigate the complex digital landscape with confidence. Our innovative approach and strong customer base position us as a trusted leader in the Japanese market.
About Bugcrowd
We are Bugcrowd. Since 2012, we've been empowering organizations to take back control and stay ahead of threat actors by uniting the collective ingenuity and expertise of our customers and trusted alliance of elite hackers, with our patented data and AI-powered Security Knowledge Platform™. Our network of hackers brings diverse expertise to uncover hidden weaknesses, adapting swiftly to evolving threats, even against zero-day exploits. With unmatched scalability and adaptability, our data and AI-driven CrowdMatch™ technology in our platform finds the perfect talent for your unique fight. We are creating a new era of modern crowdsourced security that outpaces threat actors.
Unleash the ingenuity of the hacker community with Bugcrowd, visit www.bugcrowd.com. Read our blog.
"Bugcrowd", "CrowdMatch", "Informer" and "Security Knowledge Platform" are trademarks of Bugcrowd Inc. and its subsidiaries. All other trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.