Apple is opening a bug bounty program to a couple dozen select researchers. Payouts go up to $200,000 for a secure boot hardware exploit, and down to $25k for a sandbox break. Apple didnt need a program, but can certainly benefit from one. This is a good start, but it will reward researchers interested in putting in the extremely difficult work to discover and work through engineering some of the really scary classes of exploitable vulnerabilities. The full list of five issues, all on iOS or iCloud, is below.”]
Source: https://securosis.com/blog/thoughts-on-apples-bug-bounty-program