Yahoo! starts a formal Bug Bounty program
Bug Bounty programs have become a popular way of motivating the public to find vulnerabilities and/or errors in their applications. Large organizations such as Google, Facebook and Mozilla have their own Bug Bounty programs for quite a while now. The amount of the reward depends on the type of bugs or vulnerabilities that are found. The rewards for Yahoo's new Bug Bounty program ranges from $150 to $15.000.
Until now, Yahoo! offered informal rewords of about $12 to researchers who found vulnerabilities in their platform. The explanation for such a low reward is that it was funded from the IT department's own pocket. By implementing the Bug Bounty program, Yahoo! joins the organizations that have recognized the value of such an approach of raising their own level of security. More information can be found on the website IT News.