Google s recent announcements that the company is doubling some of the rewards in its Chromium Vulnerability Reward Program and will also be committing up to $2 million for another round of the Pwnium contest in a couple of months. Google rewards programs have been quite successful in drawing submissions from researchers, as have similar programs from Mozilla, Facebook, Barracuda, PayPal and others. The question around all of these programs is whether they actually succeed in making software, and by extension, the Web, safer.
Source: https://threatpost.com/bug-bounty-programs-mature-still-more-room-growth-081712/76921/