Facebook today announced it paid out $1.5 million to 330 security researchers around the world in 2013 as part of its bug bounty program, which launched back in August 2011. In fact, the company has now paid out over $2 million in rewards, after passing the $1 million milestone back in August. In total, Facebook received 14,763 submissions in 2013 (each one reviewed individually by a security engineer), up 246 percent from 2012. Of those, only 687 (just 4.65 percent) were valid and eligible to receive rewards. The average reward was $2,204, and Facebook said the majority of bugs were...
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