By Perseverance Tavagwisa
The whole world is going crazy about this. Apparently Facebook has invited hackers (white-Hats) to ‘Bug bounty’ that is hunting for a security flaws on Facebook . So , it turns out that the major contributors (hackers) are coming from Russia and Brazil, since the social network giant is paying !
Facebook paid out US$1.5 million to security researchers worldwide last year as part of its Bug Bounty programme, and the two emerging markets (Russia & Brazil ) were responsible for reporting some of the most critical threats, according to a report Facebook released this week.
The company rewards disclosures about vulnerabilities, and then uses the information to fortify the world’s largest social network against hackers( Ironically ). Russians submitted 38 bugs that Facebook paid US$3961 for each on average, totalling US$150,518. Brazilians found 53 bugs, worth US$3792 on average. Brazil’s total take was US$200,976.( Not saying these are the only hackers in the world )
Total submissions in 2013, according to the social networking giant, rose 246 percent from the year prior to reach 14,763, the vast majority of which were found to be invalid. The $1.5 million it paid out in 2013 were distributed among 330 researchers around the globe, with the average reward being $2,204. Further, most of the bugs brought to light under the program were “in non-core properties, such as websites operated by companies we’ve acquired.”
“We’re grateful to all the researchers around the world who have taken the time to evaluate our services and report bugs. Researchers in Russia earned the highest amount per report in 2013, receiving an average of $3,961 for 38 bugs,” the company said in a note. “India contributed the largest number of valid bugs at 136, with an average reward of $1,353. The USA reported 92 issues and averaged $2,272 in rewards. Brazil and the UK were third and fourth by volume, with 53 bugs and 40 bugs, respectively, and average rewards of $3,792 and $2,950.”
The company is particularly pleased with its handling of high-severity bugs, having managed to bring down “the median fix time for high-severity issues down to just 6 hours.” Read part of the report
This however puts a serious question on the security of the private info we have willfully placed on the social network giant. Just how secure are we?