You Hacked Facebook and Facebook will pay you!

If most company is doing their best to have their network protected from unwanted access from on-line hackers, well Facebook encourage hackers to try to hacked their network. 

Yes, Facebook has launched a monetary bounty for certain qualifying security bugs. The compensation,  starts at $500 and has no maximum set, will be paid only to researchers who follow Facebook's Responsible Disclosure Policy and agree not to go public with the vulnerability information until Facebook has fixed the problem.

"Typically, it's no longer than a day" to fix a bug, Facebook Chief Security Officer Joe Sullivan told CNET in a conference call. Under the previous system users were given recognition on the Whitehat page and potentially a job, though the chances of this were slim unless they consistently found fault and helped to fix it. 

"If you're a security researcher, please review our responsible disclosure policy before reporting any vulnerability. If you're not a security researcher, visit the Facebook Security Page for assistance. If you believe you've found security vulnerability on Facebook, we encourage you to let us know right away. We will investigate all legitimate reports and do our best to quickly fix the problem," said Facebook.

source: newzglobe.com