Report: Facebook Doles Out Cash Rewards For Reports On Bugs, Holes In Corporate Network

Facebook already has a program in place whereby outside hackers can earn cash rewards for reporting bugs. And now, the social network has extended that to its corporate network, marking a first for a large technology company.

Bloomberg reported that the initiative was hatched in May, when a “white hat” hacker, meaning an outside researcher who does not exploit the information he or she gains, alerted Facebook about a weakness in its corporate network that left its internal communications vulnerable to eavesdropping.

Facebook then decided to pay out rewards for reports of bugs or holes in its corporate network, with Ryan McGeehan, who runs Facebook’s security incident response unit, telling Bloomberg:

If there’s a million-dollar bug, we will pay it out.

And Facebook Spokesman Fred Wolens told Bloomberg the social network has paid out rewards of $500 to $10,000 per bug, distributing the payments on Visa debit cards that resemble the invitation-only Centurion cards from American Express.

Readers: Do you think Facebook is wise to encourage this practice?

Image courtesy of Shutterstock.

Related Stories
Mediabistro Course

Instagram Marketing

Instagram MarketingStarting October 27, learn how to gain likes and followers on one of the most popular social media platforms! In this course, you'll learn how to develop an Instagram strategy that will make your profile stand out and gain new followers, tell your brand's story through photos, and use your profile to drive your sales and business objectives. Register now!