For Facebook bug bounty hunters, Payout Time bonus announced - reward for finding flaws hiked further
Facebook bug bounty hunters Payout Time bonus: Facebook has hiked the payout for bounty hunters; notably, some have received bounties as high as $40,000.
Facebook bug bounty hunters Payout Time bonus: The social network has announced new bonuses for bug bounty hunters who find bugs on its platform. The newly announced reward is called Payout Time Bonus and it gives researchers extra bonus when it makes the bounty payments to the researchers on a report if more than 30 days have passed since the company first received it. With this announcement, Facebook is essentially acknowledging that sometimes it may take the company a little longer to react to a certain bug report. It is also incentivising bug bounty hunters to wait patiently for their payouts in case there is a delay.
“Sometimes our impact investigations can lead to significantly higher bounties for researchers, but they can also sometimes take more time to complete. The Payout Time Bonus is meant to also reward our researchers for their patience during this process,” Facebook said in a statement to TechCrunch.
Also read: Looking for a smartphone? Check Mobile Finder here.
The new Facebook bug bounty hunters Payout Time Bonus will work on a sliding scale wherein payouts made between 30-59 days will receive a 5% bonus, payouts made between 60-89 days will get a 7.5% bonus and the payouts made after 90 days or more will get a 10% bonus. Bonus in case of reports that need further clarification from the researchers will get adjusted accordingly.
It is worth noting that Facebook doesn't specify what is the minimum bounty for a bug found on its platform. But reports indicate that the company paid a bounty as low as $500 and as high as $80,000 to bug bounty hunters last year.