Facebook announced the first award under its Internet Defense Prize, and crowned a pair of German researchers for their paper, “Static Detection of Second-order Vulnerabilities in Web Applications” The duo used static approach to detect “Second-order vulnerabilities” in web applications that are used to impose harm after being stored on the web server ahead of time. The committee is inviting researchers and security enthusiasts to submit their work to Facebook for consideration to be a future recipient of the award. The prize is an ongoing program and the committee is soliciting new entries for a future prize.
Source: https://thehackernews.com/2014/08/facebook-awards-50000-under-its-new.html