Bug bounty programs invite vetted external researchers to report software vulnerabilities in exchange for rewards. According to Security+ SY0-701, two major benefits are:

(1) Reduction in the number of zero-day vulnerabilities (B) – Ethical hackers can discover unknown vulnerabilities before malicious attackers do. These vulnerabilities are often zero-days because they are unknown to vendors at the time of discovery. Bug bounty programs surface these issues early, helping organizations mitigate severe risks proactively.

(2) Quicker discovery of vulnerabilities (E) – A distributed network of global security researchers can identify vulnerabilities far faster than an internal team alone. This accelerates detection, increases coverage, and lowers attacker dwell time.

Option A (Transference of risk) is incorrect because bug bounties do not transfer risk—they help identify vulnerabilities. C (Security awareness) relates to internal training, not bug bounties. D (Reduced cost) is misleading; bug bounties can be expensive depending on payout structure. F (Patch management) does not directly improve through bug bounty programs.

Therefore, the correct benefits are B and E.