How do bug bounties fit with traditional security assessment methods?

Why is a crowdsourced approach to security important

We believe that a crowdsourced approach to security is the natural evolution of traditional penetration testing. For many organizations, running a variety of vulnerability scanners and penetration tests is the the only solution for cybersecurity. It’s also no secret that, no matter how advanced, automation only goes so far–it finds only what it knows. Penetration tests have a place in many security programs but are limited in perspective, talent, time, and effort. Bug bounties can compliment any mature security program, filling the gap left by manual testing and scanners, by exponentially improving the probability of finding results.