Apple Announces Bug Bounty At Black Hat With Maximum $200,000 Reward (threatpost.com)
msm1267 quotes a report from Threatpost: Apple closed out Black Hat today with a long-awaited announcement that next month it will launch a bug bounty. The Apple Security Bounty will be an invitation-only program, open to two dozen researchers at the outset, said Ivan Krstic, head of security engineering and architecture. The maximum payout is $200,000 and five classes of bugs in iOS and iCloud are in scope. Apple said the maximum reward will be $200,000 for vulnerabilities and proof-of-concept code in secure boot firmware components. It will also pay $100,000 for the extraction of confidential material protected by its Secure Enclave Processor, $50,000 for code execution flaws with kernel privileges or unauthorized access to iCloud account data on Apple servers, and $25,000 access from a sandboxed process to user data outside that sandbox.
I don't think Apple understands the concept of the bug bounty program. Making it invitation-only will not persuade those who find bugs and have not been invited from sharing the details of the bug with you.
In the meantime the uninvited enjoy much greater rewards exploiting the bugs
“He’s not deformed, he’s just drunk!”
Funny how all the security experts at BlackHat cheered the announcment, while the nincompoops at Slashdot are blowing raspberries. Well, one group thinks they at least have a chance to make some money.
Of course news about a fake are Fake News.
Why not pay people to debug your code prior to selling that crap to others?
"We won't wait until it is done before selling or we would make no money, and we cannot keep it secret that long either. We won't hire people to make good code, because we only hire people that do what little they are told, as fast and buggy as they can, so we can sell some more crap faster and have the buyers fix it themselves for no to low pay. We won't pay for work, only end results that we choose. And getting crap out there quick means it does not have to be secret as long."