Facebook pays hackers over $400,000 to hunt down security bugs

JMH

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At the Defcon hacker conference this week in Las Vegas, Facebook is not only recruiting new security experts, but is also spreading the word about bountines it's issuing — on its own bugs. "The internet is hostile, you have to assume that people are trying to break in," Facebook Security team member Fred Wolens told The Verge. Facebook has offered rewards to hackers before, and has even hired quite a few high-profile hackers, but never this formally.

http://www.theverge.com/2012/7/27/3193634/facebook-hacker-bounties
 
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