PARIS, FRANCE and SINGAPORE – Media OutReach – 9 February 2022 – YesWeHack, Europe’s leading Bug Bounty platform, today announced strong growth, with its annual revenue more than doubling globally. In Asia, YesWeHack revenue grew by a substantial 200%.

YesWeHack’s community of ethical hackers has grown by 75%, with over 35,000 hackers now operating on the platform. On average, 1,200 to 1,300 researchers join YesWeHack each month. This ever-growing popularity confirms it as the preferred platform for ethical hackers looking for Bug Bounty programs.

It was also a successful year for international expansion, with YesWeHack establishing META presence and helping businesses in over 40 countries to improve their security posture across the globe.

Vulnerability minefield

The past 12 months saw a record-breaking year for vulnerabilities. YesWeHack noted a doubling in the number of bugs identified by its hackers. Of these, 35% were considered ‘critical’ or ‘high’, meaning many business systems and applications could have been severely impacted if these bugs were not found and remedied.

The increasing number and impact of vulnerabilities discovered in 2021 such as SolarWind and Log4J has led companies to intensify their investments in crowdsourced security. In 2021, the online aggregator FireBounty.com, created by YesWeHack, counted a total of nearly 24,000 vulnerability disclosure policies.

In terms of the type of vulnerabilities detected, implementation and design flaws (Secure Design, Access Control) remain the leading type of bugs for the second year in a row. This trend can be explained by the increasing complexity of the applications deployed.

Adoption by sector

The adoption of Bug Bounty programs continues to grow across several industries with YesWeHack seeing a 100% increase in the number of active programs available on its platform.

Unsurprisingly, technology continues to be the most prominent sector for YesWeHack. It represents 44% of all programs on the YesWeHack platform, up from 35% last year. This is followed by the financial services and insurance sector, which accounted for 18% of all Bug Bounty programs on the platform in 2021.

As the pandemic continues to disrupt the world, many other sectors have also accelerated their digital transformation journey to meet the changing needs of their users. This is especially relevant in the public sector, where many administrations and local authorities are continuing to digitise their services and have therefore launched Bug Bounty programs to protect their data.

Record year for rewards

Alongside the increase in programs on its platform, YesWeHack has seen a 140% year-on-year growth in the total amount of rewards paid out to hackers.

In 2021, the largest payout amounted to €40,000. Last year also saw YesWeHack release the Swiss Post e-voting public bug bounty program, offering the platform’s largest ever reward available to its hacker community at €230,000.

One of the reasons for YesWeHack’s growing popularity, among ethical hackers and customers alike, is its ongoing commitment to the smooth running and quality of its programs. For example, in 2021, 78% of vulnerabilities were rewarded within 24 hours of being accepted, while 89% were paid within 28 days of submission and 60% of vulnerabilities were remediated within a month.

Crowdsourced security will continue to grow

Romain Lecoeuvre, CTO and co-founder of YesWeHack, warns that the acceleration of digitalisation induced by the pandemic should not lead companies to relax their security efforts. “Many developers are under pressure to deliver applications as quickly as possible in order to maintain or gain a competitive advantage. As a result, speed is prioritised over security. For this reason, it is essential that development and security teams work in tandem, with the help of ethical hackers, to engage in a DevSecOps-like approach.”

Guillaume Vassault-Houlière, CEO and co-founder of YesWeHack, notes that crowdsourced security is a great way for companies to get into data privacy compliance. “Over the years, the general public has become more and more sensitive to how to protect their data. In the interests of transparency, many organisations are now working with ethical hackers to find vulnerabilities in their systems, and to provide assurances to their users. Indeed, unauthorised access to personal data is one of the main risks identified in the programs available on our platform and has traditionally offered the highest rewards. In this context, crowdsourced security is not only the most effective way to discover vulnerabilities in code, but also to reassure consumers about the security of a product or service and the privacy of their data.”

About YesWeHack

Founded in 2015, YesWeHack is a Global Bug Bounty & VDP Platform.

YesWeHack offers companies an innovative approach to cybersecurity with Bug Bounty (pay-per-vulnerability discovered), connecting more than 35,000 cybersecurity experts (ethical hackers) across 170 countries with organisations to secure their exposed scopes and reporting vulnerabilities in their websites, mobile apps, infrastructure and connected devices.

YesWeHack runs private (invitation based only) programs and public programs for hundreds of organisations worldwide in compliance with the strictest European regulations.

In addition to the Bug Bounty platform, YesWeHack also offers: support in creating a Vulnerability Disclosure Policy (VDP), a learning platform for ethical hackers called Dojo and a training platform for educational institutions, YesWeHackEDU. For more information: www.yeswehack.com

#YesWeHack

The issuer is solely responsible for the content of this announcement.

One of the top Amazon sellers in the world reinforces its growth plan for Asia with the opening of a strategic hub in Singapore

SINGAPORE – Media OutReach – 9 February 2022 – Pattern, the premier trade partner for global marketplace acceleration, has opened a new office in Singapore to serve as its strategic hub for operations across the greater Asia region.

The new office demonstrates Pattern’s commitment and investment to help its brand partners accelerate their business in the region.

“Pattern has built teams of professionals in various key cities in Asia Pacific, including Hong Kong, Guangzhou, Sydney, Melbourne, and Pune,” said Pattern Chief International Officer Chris Vincent, who has relocated to Singapore to lead Pattern’s strategic growth in the region. “We also manage distribution centres in Hong Kong, Guangzhou and Melbourne. The launch of our Singapore office recognises our strategic focus on the region and bolsters our APAC team’s efforts and operations. We will continue accelerating our brand partners’ businesses in China, Japan, Southeast Asia, and Australia. We are proactively hiring in the Lion City to strengthen our influence in the region.”

Founded in the U.S. in 2013, Pattern has created a unique business model that solves the issues most brands face when dealing directly with marketplaces or international distributors. The company is a trade partner that provides an all-in-one ecommerce and marketplace solution—buying stock from its brand partners and then taking care of every aspect of their marketplace presence.

Pattern’s position as a leading player in the ecommerce field has been recognised by strategic investors, proven by a $52 million USD Series A in 2020 and a $225 million USD strategic investment in 2021. These successful capital raises have allowed Pattern to further accelerate the technology and intelligence services that power the company’s ecommerce acceleration platform, as well as expand its global offering.

The Asia market is one that no ecommerce player can overlook. Ecommerce revenue in the region is projected to reach $2 trillion USD in 2022. Pattern has established a strong track record leading Asian marketplace acceleration for brands—leveraging its technology and operational and logistics capabilities to help a range of brands trade on key marketplaces, such as Tmall, JD.com, and Amazon Japan.

“Our next strategic goal is further extending our operations to other significant marketplaces in the region, such as Lazada, Shopee, Coupang and the local markets of Amazon,” said Pattern Asia General Manager Arthur Cheung, who leads Pattern’s businesses in the region. “We trust that Singapore—backed by its world-class business environment, talent pool, and infrastructure—is an ideal place to connect all of our resources across the region.”

About Pattern

Pattern is the premier trade partner for marketplace acceleration. Founded in 2013, the company has grown to operate from 22 global locations to help more than 100 consumer brands achieve accelerated growth on D2C websites and key marketplaces around the world, including Amazon, Tmall, JD.com, Lazada, Shopee and Coupang. It has become one of the top Amazon sellers in the world and one of the top 5% of Tmall Trade Partners.

To learn more, visit https://pattern.com/hk-en/

#Pattern

The issuer is solely responsible for the content of this announcement.

SINGAPORE – Media OutReach – 8 February 2022 – Bybit, one of the world’s fastest growing cryptocurrency exchanges, announced its partnership with leading global digital assets institution Cabital today.

Through this partnership, Bybit users can buy crypto using EUR and GBP seamlessly and directly on the Bybit platform via bank transfers, and transfer crypto between their Bybit and Cabital wallets with no deposit fees required. As a fiat on-ramp is the first step in a crypto trader’s experience, this offers an entry point to users looking to expand their portfolios and venture into crypto trading.

Additionally, Cabital’s system scans numerous exchanges to provide users with the best rates for full price transparency. It is also fortified with technologies from the market leader in crypto security and infrastructure, Fireblocks, which safeguards users’ funds with best-in-class, institutional grade protections.

“Cabital’s goals of creating an innovative and reliable crypto experience are aligned with ours to bring forth next level trading to our users and elevate their experience,” said Ben Zhou, co-founder and CEO of Bybit. “We at Bybit are thrilled to embark on this new partnership with Cabital, and look forward to empowering folks from all walks of life in realizing their financial goals through crypto. Let’s revolutionize the industry together.”

“Cabital believes that it should be easy to buy crypto,” said Raymond Hsu, co-founder and CEO of Cabital. “We are very excited about partnering with Bybit and helping their customers buy crypto in a seamless and safe fashion. With Cabital’s fiat on-ramp solution, Bybit users can now buy crypto at some of the most competitive prices in the market. We achieve this through an off-chain settlement mechanism with Bybit, allowing their users to avoid hefty gas fees. Let’s take the crazy out of crypto and help millions of more people achieve financial independence.”

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class.

For more information please visit: https://www.bybit.com

About Cabital

Cabital is a trusted digital financial institution to buy, sell and earn cryptocurrency — generating up to 12% APY. The company’s purpose is to empower people to earn passive income safely and securely with their cryptocurrencies. Our main product is Cabital Earn, a cryptocurrency wealth management platform that enables customers to earn high yields on their digital assets. Cabital’s compliance programme is modelled after leading global financial service providers. We use SumSub’s biometric identity verification solution to manage the risk of identity fraud. To provide our customers with peace of mind, all customers’ crypto assets are held with Fireblocks, one of the world’s most trusted digital asset custody, transfer and settlement platforms. We have been using Chainalysis’ KYT and Reactor products since our formation to empower us to meet applicable regulatory requirements on Anti-Money Laundering (AML) in each of our markets with ease and agility. Cabital is registered in the Republic of Lithuania as a cryptocurrency exchange operator and a cryptocurrency depository wallet operator. Cabital carries out its activities in accordance with Lithuanian regulations on AML/CTF, and is subject to the European Union’s General Data Protection Regulation. Cabital is audited yearly by an external auditor and places compliance and licensing at the core of its business.

Cabital was founded by Raymond Hsu in 2020. Prior to establishing Cabital, Raymond worked for over a decade, holding leadership positions in fintech companies such as Airwallex and global banks including Citibank. Cabital’s leadership team has extensive experience working in leading traditional financial institutions, including JPMorgan Chase & Co, Nomura Securities, UBS and AIA Group.