Facebook announced its new Internet Defense Prize at USENIX Security Symposium. The social network rewards researchers for defensive technologies that prevent vulnerabilities and mitigate attacks. Facebook has run its Whitehat program for some time, and last November announced its participation in the Internet Bug Bounty. Microsoft, meanwhile, hosts its own version of a defensive technology prize in which rewards up to $100,000 for exploits that bypass mitigations in Windows and other Microsoft products. Researchers who participate must disclose bugs through HackerOne; bigger payouts go for bugs in ubiquitous technologies.
Source: https://threatpost.com/new-facebook-internet-defense-prize-pays-out-50000-award/107862/