The company announced late last week they ll award $500 for each bug to those who share information about flaws that could compromise the site s privacy. The news confirms rumors that began to bubble at a Hack in the Box security conference back in May. Facebook mentioned they may increase their reward for certain bugs but a top dollar amount hasn t been designated yet. The company continues to garner its share of scrutiny on the security front as the site serves as a magnet for clickjacking scams.
Source: https://threatpost.com/facebook-launches-bug-bounty-program-080111/75500/