The traditional SDLC model has limitations when it comes to security, particularly in terms of timing and resource allocation. Many organizations have shifted towards building security practices throughout the SDLC to address these challenges. Bug bounties can support and enhance this approach by providing a creative and diverse testing pool, cost-effectiveness, and real-world security assessment in real-time. By identifying areas of highest risk, informing application security strategy and design, improving development training programs, and offering a dynamic vulnerability feedback loop, bug bounties can drastically improve processes and bolster any application security strategy.