FB: $40K for hackers
By Bala Shah

While Microsoft is hesitant to pay white hat hackers, Google and Facebook (FB) give cash rewards to security experts who detect bugs and weakness in software that’s Facebook’s own team could not pick up.

Facebook had publicly released details of its Bug Bounty Program

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It has been fascinating to watch the roll-out of this program from inside Facebook.  First, it has been amazing to see how independent security talent around the world has mobilized to help.  We know and have relationships with a large number of security experts, but this program has kicked off dialogue with a whole new and ever expanding set of people across the globe in over 16 countries, from Turkey to Poland who are passionate about Internet security. The program has already paid out more than $40,000 in only three weeks and one person has already received more than $7,000 for six different issues flagged.  It has been a joy to engage in dialogue about issues and hear from the diverse perspectives these people bring.

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