Social networking giant Facebook has reportedly spent $40,000 (£25,000) in the first 3 weeks since the start of the "Bug Bounty Program" which rewards anyone who notifies the company of an undiscovered security bug.
According to reports, the highest amount paid during the program so far is $7000. The recipient, a security expert, found as many as six bugs within the social media platform.
“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,” Joe Sullivan, Facebook’s chief security officer, wrote in a blog post.
“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,” he added.
The idea for the program came about in 2010 after Facebook announced that anyone with knowledge of security bugs plaguing the site should inform Facebook security experts. The company added that people could do so without having to worry about any sort of legal action tken against them.