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

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 gap between researchers and the affected app developers, Facebook's security programs for 3rd-party apps and websites were, until now, just limited to "passively observing the vulnerabilities

Facebook says ;
Although these bugs aren't related to our own code, we want researchers to have a clear channel to report these issues if they could lead to our users' data potentially being misused "We also want to incentivize researchers to focus on apps, websites, and bug bounty programs that otherwise may not get as much attention or may not have resources to incentivize the bug bounty community."By committing to rewarding valid reports about bugs in third-party apps and websites that impact Facebook data, we hope to encourage the security community to engage with more app developers "

Reward from Facebook will be issued depending upon the potential impact and severity of the responsibly reported vulnerability, with a minimum payout of $500.Bug bounty programs for data abuse and 3rd-party apps affecting the whole ecosystem are a growing trend in cybersecurity. Most recently, Google also expanded its Pay Store bounty program to reward hackers for finding bugs in any Android app that has more than 100 million downloads.However, in that case, Google takes responsibility to collaborate with app developers, while Facebook’s latest scheme is also a great way to let researchers directly work with third-party developers


I have good bug from Netflix , so I think I can sell it to Netflix
 

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