Facebook Bug Bounty: Social media website has paid $5 million in 5 years

Facebook has paid $5 million to more than 900 researchers since the inception of its bug bounty program

By: Tech Desk | Updated: October 14, 2016 10:38 am
Facebook, Facebook Bug Bounty program, Facebook Bug Bounty, Bug Bounty, bug bounty program, facebook bug bounty  million payout, social, tech news, technology Facebook has paid million to more than 900 researchers since the inception of its bug bounty program (Source: Facebook)

Facebook is celebrating fifth anniversary of its annual Bug Bounty program this year. Facebook’s Bug Bounty program has been a major program of this kind and has earned support of broader community of security researchers. Facebook says it has paid a cumulative total of $5 million in the past five years.

In a blog post, Facebook notes it discovered many of the people on the team through this community bug bounty program. This year, Facebook is adding WhatsApp to its program with expanded payment option that includes Bitcoin. The social network says it will also automate payment options this year in order to pay researchers faster than usual.

In terms of numbers, Facebook says it has received more than 9,000 reports in the half of 2016. The social networking giant has paid a total of $611,741 to 149 researchers, which brings the cumulative total to $5 million paid over a period of 5 year to more than 900 researchers. India topped the list of countries in terms of payouts while USA and Mexico round up the top three spot.

Facebook says going forward it will include information on how a specific bounty was awarded to a particular researcher. The blog post mentions the social network “will share more details on the thinking behind each award.” Facebook is trying to be more open about its ‘Bug Bounty’ program and also planning to share more educational resources and topics specific to Facebook’s products.

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Facebook Bug Bounty program in 2016 will be all about improvements and expansion.