Facebook ‘bug bounty’ rewards help avoid scams

By Posted 1 Sep 2011, 16:05

Social networking giant, Facebook, has made the headlines once again. This time Mark Zuckerberg is offering hackers reward money for finding and pointing out security flaws and vulnerability on the site. This scheme has been going on for a few weeks now and so far these ‘White Hats’, which is what these type of hackers are being referred to as, have earned themselves more than £24,500 in total.

The social network is using these rewards as an incentive in order to encourage hackers to try and penetrate the site’s security, by doing so they are able to pin-point the weak spots and can try to rectify them. A sort of neighborhood watch, but on a global scale if you like. As some of you may know Facebook has been the victim of many scandals and has also unknowingly played host to quite a few too.

Examples of the various scams, that Facebook has been unaware of in the past, are usually disguised as articles accompanied by video clips. They entice viewers to click them before being led away from the safety of the site’s security, to a completely different window. There they may be asked for personal details before being able to view the clip; of course they never get to see it as it’s a scam. An example of this can be found below.

One of these White Hats has already managed to individually earn themselves £4000 by reportedly picking up on six separate issues they found and reported them. It would seem the more serious the issue is the more money you bag as another managed to earn almost as much just by seeking out one major problem. According to Sky News the scheme known as the ‘bug bounty’ is what the payments are being made through.

What do you think of this new scheme?

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