Facebook bounty program earns security researchers $40,000

A new bug bounty program launched by Facebook has spent more than $40,000 in its first 21 days, with one security researcher earning over $7,000 for finding six severe bugs in social networking behemoth's code. Facebook has long been the target of cyber criminals who frequently use the site to sell fake goods, send spam, and even mine personal information thanks to the site's lacklustre and confusing privacy settings.
While Facebook already has an in-house team dedicated to finding and resolving bugs, this new program takes it a step further by paying outsiders to submit vulnerabilities. In a blog post yesterday, Facebook Chief Security Officer Joe Sullivan took the opportunity to comment on... »read more

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