It has paid out over $40,000 under its latest “bug bounty”, which requests professional security researchers and hackers to send it the details of some Facebook susceptibilities that they uncover, Facebook formerly said.
Joe Sullivan, Facebook Chief Security officer wrote in a blog post, “We’ve already paid a $5,000 bounty for one really good report. One person has already received more than $7,000 for six different issues flagged.”
According to Facebook, Researchers from over 16 countries have effectively presented bounty bugs.
Sullivan wrote, “We hire the best and brightest, and have implemented numerous protocols. We realize, though, that there are many talented and well-intentioned security experts around the world who don’t work for Facebook.”
Even though Facebook has its own security team, the company opened its bug bounty program to make utilize of the collective knowledge of the site’s over 700 million users.