Cupertino based Apple Inc. has launched its own Bug Bounty program with a winning of US $ 200,000 for hackers and researchers who find and report security flaws in Apple products. Apple claims that they have reached a stagnation point where its own testers and even third party contract security firms are having difficulty finding bugs.
Bug Bounty and hacking seem to be becoming lucrative on the other side of the fence. Recently the FBI paid US $ 1 Million to a Hacker to hack into the San Bernardino case iPhone .
Apple’s Bug Bounty program is by far the biggest corporate bounty program announced, and will definitely get some bug bounty specialists scrambling for the prize. Other companies like Facebook, Twitter and Instagram have already paid out huge sums to bug finders. Vine got added to this list recently.