Bugcrowd's founder and CTO Casey Ellis discusses the evolution of bug bounty programs and their connection to penetration testing, highlighting the company's strategy of using crowdsourcing to improve pen testing through economics and resourcing models. He emphasizes that pen testing is a logical application of crowdsourcing and that the goal is to align expectations between researchers and companies when it comes to vulnerability disclosure. Ellis also stresses the importance of education on both sides, particularly for the researcher community, and announces Bugcrowd's partnership with Secure Code Warrior to provide training and developer education in secure coding practices. The partnership aims to shift left in the development process to help engineers understand how to code securely, reducing the introduction of bugs into production systems.