Abma is the cofounder of a hot new startup calledHackerOnewhich is into the business of bug hunting.
The duo then took control of the TV station and ran their own broadcast on live TV instead.
The TV station was not amused, Abma toldBusiness Insider.
Next up, both of them attended college together at Hanze University of Applied Sciences in the Netherlands.
In college they found a flaw in the software that managed grades of the students.
So they reported the hole to the university.
The school contacted the company and the company patched the flaw.
We made so much money on that contract that we could pay for our college tuition, he says.
We were going to college and at the same time working for the university.
The university lauded their workpublished their research.
That was a very exciting time.
We were 19 and 20 years old.
And we were making roughly $10,000 a week just the two of us, he says.
For two college kids, that was a very large amount of money.
I know someone who is going for $500,000 this year as his personal goal.
The scarier the hole, the bigger the fee.
HackerOne takes a 20% commission in all the bug discoveries that its hackers make.
HackerOne gives the tech company access to tailormade and screened pool of top quality hackers.
It also offers the hackers pentesting software and tools for finding bugs.
The startup has 500 customers and about about 50 employees and has raised $34 million in funding.
source: www.techworm.net
