Security start-up Capture The Bug launches backed by founder of The Instillery

Security start-up Capture The Bug launches backed by founder of The Instillery

A bug bountry programme for SMEs and penetration testing as-a-service offered.

(L-R) Investor Vimal Kumar, founder Ankita Dhakar, Mike Jenkins and investor Marsha Gerges.

(L-R) Investor Vimal Kumar, founder Ankita Dhakar, Mike Jenkins and investor Marsha Gerges.

Credit: Supplied

A new cyber security vulnerability intelligence platform has launched, having won investment from the founder of The Instillery.

Capture The Bug, which claims to be Australasia's first vulnerability intelligence platform, is aiming to democratise cyber security services and "level the playing field" for Australasian businesses.

"We leverage a refined blend of advanced technology powered through our platform and a truly global community of ethical hacking and security research talent to provide cost-efficient and almost infinitely scalable security testing services for our customers," founder and CEO Ankita Dhakar said.

The platform delivers three core services: a bug bounty, vulnerability disclosure and penetration testing as a service (PTaaS).

Capture The Bug is backed by a global community of over 1500 ethical hackers and security researchers, Dhakar said.

The start-up aims to help business affordably and rapidly protect their technology perimeters after these were expanded due to the pursuit of digital transformation and the shift to hybrid work during the pandemic.

"It is our genuine belief that while there is some phenomenal local talent in the cyber arena, for customers the traditional model of cyber security professional services is fundamentally broken," Dhakar said.

A cyber security resource crunch had artificially inflated the cost of local resources while traditional "time for money" consumption models were now unaffordable for most businesses and government agencies, Dhakar said.

Having emerged from two years in stealth mode, Capture The Bug is now aiming to offer a better option by connecting Australian and New Zealand businesses to its community of ethical hackers and cyber security researchers.

"The Capture The Bug platform is the fastest way to access diverse security skills that continuously add value to your organisation," Dhakar said.

Bug bounty programmes, for instance, were predominantly used by tech giants like Open AI, Google, Airbnb, and Microsoft, as well as big global brands. 

Capture The Bug, however, offered a "hybrid approach", combining both PTaaS and a bug bounty to incentivise ethical hackers to identify and eliminate bugs.

Clients benefit through comprehensive, targeted, tailored testing and receive customised reporting and remediation guidance to help them address vulnerabilities and strengthen their security postures.

Dhakar took what she described as a leap of faith in 2018 by founding penetration testing company Security Lit to provide security testing services to the A/NZ midmarket firms and SMEs.

Cyber security and blockchain expert Akash Deep Verma is co-founder and COO of Capture The Bug. 

"These domains have always fascinated me and continue to fuel my curiosity particularly as we look beyond traditional IT and understand the unique requirements of cyber security and penetration testing in a brave new world," he said.

Fifteen per cent investor and chair Mike Jenkins, founder of cloud partner The Instillery, said Capture The Bug customers only pay for impact and business value, specifically when vulnerabilities were identified. 

"This differs from the traditional approach of paying for time and assessments in peetration testing and advisory services," said Jenkins, who is also the founder of Native Data, a provider of advisory and governance advice to start-ups.

Preliminary product feedback indicated clients had exposed twice the number of critical vulnerabilities in their digital and software stacks from virtual penetration testing due to Capture The Bug delivering "the right researcher with the right skills".

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Penetration testingBug Bounty ProgramThe Instilleryhackersethical hackingcyber securitysecurity


EDGE 2024

Register your interest now for EDGE 2024!



How MSPs can capitalise on integrating AI into existing services

How MSPs can capitalise on integrating AI into existing services

​Given the pace of change, scale of digitalisation and evolution of generative AI, partners must get ahead of the trends to capture the best use of innovative AI solutions to develop new service opportunities. For MSPs, integrating AI capabilities into existing service portfolios can unlock enhancements in key areas including managed hosting, cloud computing and data centre management. This exclusive Reseller News roundtable in association with rhipe, a Crayon company and VMware, focused on how partners can integrate generative AI solutions into existing service offerings and unlocking new revenue streams.

How MSPs can capitalise on integrating AI into existing services
Access4 holds inaugural A/NZ Annual Conference

Access4 holds inaugural A/NZ Annual Conference

​Access4 held its inaugural Annual Conference in Port Douglass, Queensland, for Australia and New Zealand from 9-11 October, hosting partners from across the region with presentations on Access4 product updates, its 2023 Partner of the Year awards and more.

Access4 holds inaugural A/NZ Annual Conference
Show Comments