Bugcrowd's second annual State of Bug Bounty Report highlights the evolving dynamics of the bug bounty market, including trends such as the spread of crowdsourcing into traditional sectors, increases in payout averages, and shifts in researcher demographics across the globe. The report also explores the rise of "super hunters" and validates the growth of distributed resourcing approaches like bug bounty programs as a means to create parity with adversaries. The report is a follow-up to Bugcrowd's first report and provides deeper insight into the early stages of the relationship between hackers and organizations, showcasing the increasing adoption of crowdsourced cybersecurity programs across various industries.