Monday 5 August 2013

India ranks second in Facebook's $1M bug bounty

Facebook says it paid more than US$1 million to researchers who report bugs on its website, with India ranked second in terms of the number of bug bounty recipients.
The Asian economy was second on the list of countries with the fastest growing number of recipients of Facebook's Bug Bounty program, the social network said in a statement on its website on Friday. The social network had started the program a little more than two years ago to reward security researchers who report issues and encourage people to help keep the site more secure.
"The countries with the fastest growing number of recipients are, in order, the U.S., India, Turkey, Israel, Canada, Germany, Pakistan, Egypt, Brazil, Sweden, and Russia," Collin Greene, security engineer at Facebook, said in the statement, adding that 329 people had been awarded a bounty so far.
Overall, the bug hunters spread across 51 countries, with 20 percent of the bounty paid so far awarded to U.S.-based recipients.
The social network said the program had been more successful than it anticipated, and paid out more than US$1 million in bounties and collaborated with researchers from all around the world to stamp out bugs in their products and infrastructure. "Our Bug Bounty program allows us to harness the talent and perspective of people from all kinds of backgrounds, from all around the world," Greene added.
Industry watchers previously told ZDNet Asia rewarding security researchers to spot website bugs and loopholes could minimize post-breach consequences, but noted that site operators planning such activities could run into privacy and regulatory hurdles.

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