The threat landscape for enterprises has become increasingly complex, with the global average cost of a data breach rising to $3.86 million in recent years. Enterprises are struggling to keep pace with the growing number and complexity of threats, despite allocating more resources to cybersecurity. The traditional approach to security is no longer sufficient, and new models such as crowdsourced security and managed bug bounty programs are being explored to strengthen product security and cultivate a mutually rewarding relationship with the security researcher community. These programs offer organizations the ability to tap into a large pool of skilled testers and increase the odds of finding critical vulnerabilities, providing 24/7 human testing coverage and incentivizing a diverse community of researchers.