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Share Name | Share Symbol | Market | Type |
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Microsoft Corporation | NASDAQ:MSFT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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6.98 | 1.75% | 406.02 | 402.88 | 410.23 | 413.00 | 405.7601 | 412.22 | 29,695,257 | 05:00:04 |
LAS VEGAS—Apple Inc. will start paying hackers who report vulnerabilities in its products, the company said Thursday.
With its new "security bounty," the company joins a growing list of technology companies that pay cash for valuable security information. Microsoft Corp., Google parent Alphabet Inc. and Facebook Inc. have paid out millions of dollars in bug bounties over the past few years.
"It's getting increasingly difficult to find some of those most critical types of security vulnerabilities," said Ivan Krstic, Apple's head of security engineering and architecture, speaking at the Black Hat security conference in Las Vegas. "The Apple security-bounty program is going to reward researchers who actually share critical vulnerabilities with Apple."
The company said it would pay up to $200,000 for the most severe bugs. "We believe that these payment amounts are commensurate with the level of difficulty in attacking some of these systems," Mr. Krstic said.
Such vulnerabilities can be used to give hackers control of a device. The Federal Bureau of Investigation paid more than $1 million for a tool to circumvent the security measures on the iPhone 5S used by San Bernardino shooter Syed Rizwan Farook .
Bug bounties are commonly offered by technology companies, but they are also starting to pop up in the automotive industry—Tesla Motors Inc. and General Motors Co. offer them—as cars increasingly rely on software to control critical systems.
Write to Robert McMillan at Robert.Mcmillan@wsj.com
(END) Dow Jones Newswires
August 05, 2016 03:05 ET (07:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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