HackerOne, the global leader in human-powered security, has been named a Leader in GigaOm’s annual Radar Report in the Penetration Testing as a Service (PTaaS) category for the second year. HackerOne has also mentioned in the inaugural publication of the Gartner Innovation Insight: Penetration Testing as a Service report.

For HackerOne, the release of this report marks a significant milestone in the growing acknowledgment and confidence in PTaaS within traditionally cautious and highly regulated industries. The speed and efficiency of the PTaaS model have encouraged sectors like financial services and government to actively and successfully transition from traditional pentesting methods.

“We believe analyst recognition for modern pentesting delivered via PTaaS means many more enterprise organizations will benefit from its speed and flexibility,” said Mahesh Chukkapali, COO at HackerOne. “These are challenging times for many businesses. Understaffed IT teams are failing to keep up with increased cybercriminal activity, and there is rising pressure to meet compliance requirements. In this environment, PTaaS has emerged as an essential solution. It allows organizations to identify vulnerabilities with a speed and scale unmatched by traditional approaches while simultaneously maintaining, and surpassing, the quality of results typically associated with consultancies.”

For HackerOne, analyst mention cements the company’s position at the forefront of the PTaaS revolution, which amplifies the benefits of pentesting through the ease and efficiency of modern cloud-centric technology. HackerOne’s PTaaS business has grown rapidly, with a 50% increase in the first three quarters of 2023 and a jump in revenue of nearly 200%. New customers can initiate a new pentest in four business days, with 86% receiving their first vulnerability report in less than one week. Additionally, 61% say they identify more vulnerabilities with HackerOne than traditional consultancies. Customers include Adobe, Agoda (part of Booking Holdings), Zebra Technologies, Wind River Systems, and more.

The GigaOm report delves into HackerOne’s key PTaaS strengths, including “advanced bidirectional integrations with key SDLC [software development lifecycle] tools like Jira, GitHub, GitLab, AzureDevOps, and AWS. Particularly noteworthy is the integration with AWS Security Hub, illustrating HackerOne’s deep expertise with AWS technologies.”

Fuelled by customer demand and analyst recognition, HackerOne is expanding its PTaaS capabilities with new features on the roadmap.