Apple Inc. has formally aligned itself with other major tech giants in creating a platform for people to discover loopholes in their security features and operations.
TechCrunch reports today, Apple's head of Security Engineering and Architecture Ivan Krstic announced at Black Hat that his company will now offer cash bounties of up to $200,000 for hackers and researchers who find and report security flaws in Apple products.
The $200,000 might sound huge for an official corporate bounty program, but comparing it is still only a fraction of a payout like the $1 million the FBI reportedly paid hackers to break into an iPhone owned by one of the shooters involved in the San Bernardino incident last year. Largely, such high bounties can also be detrimental to security research in general.
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