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Facebook Now Pays Hackers for Reporting Security Bugs in 3rd-Party Apps

Facebook Now Pays Hackers for Reporting Security Bugs in 3rd-Party Apps

Oct 16, 2019
Following a series of security mishaps and data abuse through its social media platform, Facebook today expanding its bug bounty program in a very unique way to beef up the security of third-party apps and websites that integrate with its platform. Last year, Facebook launched " Data Abuse Bounty " program to reward anyone who reports valid events of 3rd-party apps collecting Facebook users' data and passing it off to malicious parties, violating Facebook's revamped data policies. Apparently, it turns out that most of the time, Facebook users' data that had been misused was exposed in the first place as the result of a vulnerability or security weakness in third-party apps or services. The Facebook ecosystem contains millions of third-party apps, and unfortunately, very few of them have a vulnerability disclosure program or offer bug bounty rewards to white-hat hackers for responsibly reporting bugs in their codebase. Because of this communication g
Ever Wondered How Facebook Decides — How much Bounty Should be Paid?

Ever Wondered How Facebook Decides — How much Bounty Should be Paid?

Mar 18, 2016
Facebook pays Millions of dollars every year to researchers and white hat hackers from all around the world to stamp out security holes in its products and infrastructure under its Bug Bounty Program. Facebook recognizes and rewards bug hunters to encourage more people to help the company keep Facebook users safe and secure from outside entities, malicious hackers or others. Recently, the social media giant revealed that India is on top of all countries to report the maximum number of vulnerabilities or security holes in the Facebook platform as well as holds the top position in the country receiving the most bug bounties paid. "India is home to the largest population of security researchers participating in the Facebook bug bounty program since its inception in 2011. The country also holds the top spot for most bounties paid," Adam Ruddermann, Facebook's technical program manager notes . If you are one of the Facebook's bug hunters, you might be aware of the fact t
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
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