Explore hard-earned insights on bug bounty programs in this 43-minute conference talk from AppSecEU 2015 in Amsterdam. Delve into crucial aspects of managing bug bounties, including legal considerations, defining scope, preparing program briefs, and handling public and private programs. Learn how to address challenges such as out-of-scope submissions, issue reproduction, upstream vulnerabilities, and reward structures. Gain valuable knowledge on setting expectations, managing payouts, and navigating the complexities of bug bounty programs to enhance your organization's security posture.