Facebook To Reward Security Experts For Reporting Bugs

The social networking giant has begun offering a certain amount of bounty to security experts who will find bugs in the social network and report it to the Facebook administration. The basic bounty for “certain qualifying” bugs has been set to $500.

This is the first time ever that any social networking site is going to pay its active users in return of their services. This feature is also seen by many experts as a way to counter the popularity of Google+.

The Palo Alto based company said that,”Our security team will assess each bug to determine if qualifies”. Furthermore it stated that the bounty of $500 is a base price and it can be increased if the vulnerability reported is big.

It is worth noting that Facebook is desperately trying to improve its security features as its arch nemesis Google+ openly boasts about its tight security.

Facebook recently hired George Hotz, who was sued by Sony Corp. for “degrading its product”. He hacked the PlayStation 3 and is the first person in the history to jailbreak the iPhone.

This is another attempt of the social giant to attract top security experts who give their services to many notable sites.

Will offering bounties help Facebook grow?

Photo Courtesy of jaycameron
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