Security News > 2020 > November > Facebook Paid Out $11.7 Million in Bug Bounties Since 2011
2020-11-20 18:18
Social media giant Facebook this week announced that it has paid out more than $11.7 million in bug bounties since 2011.
To date, more than 50,000 researchers signed up for the company's bug bounty program, and approximately 1,500 of them, from 107 countries, have received a bug bounty reward, the company says.
Since 2011, Facebook received more than 130,000 vulnerability reports, but only 6,900 of these reports were awarded a bounty.
In 2020 alone, the company awarded more than $1.98 million to security researchers from over 50 countries, and has paid two of the highest bounty rewards to date.
Facebook paid $60,000 for the bug, "Which reflects its maximum potential impact."