Alphabet Inc (NASDAQ:GOOG)’s Google Paid Out $2 Million To Researchers Through Its Bounty Program In 2015
Researchers are reaping more thanks to the bounty program from Alphabet Inc (NASDAQ:GOOG)’s Google. Last year, they received $2 million from the company with 10% of that payout coming from Android bugs.
The $200,000 paid out for the bugs in Android was distributed over a five month period. The company stated that it has offered rewards worth more than $6 million since it launched the bounty program five years ago. The program is a vital part of the company because it helps secure Google’s online services such as YouTube and Google.com. It is also an important proponent of Android and Chrome.
The company began to issue rewards for the flaws detected in Android Nexus phones in July 2015. Thanks to this program, a dangerous bug called Stagefright was discovered. A researcher named Wish Wu received the first reward worth $37,500 this discovery as well as providing two patches for the bug. Google offers a handsome $8,000 for bug detection and an Android patch. Some payments can reach as much as $30,000. Up to date, the biggest payment issued to a researcher was $37,500. In 2014, Google paid out bounties worth $1.5 million.
These payments indicate that vulnerability detection is a competitive and well-paying market. Some firms such as Zerodium offer huge cash rewards in hundreds of dollars to those who can jailbreak an Apple Inc. (NASDAQ:AAPL)’s iOS or Android device. Android has made a significant mark in the security reward program in 2015. Reports indicate that the company paid out $500,000 in bounties in 2015. This means the company easily surpass the security bounties offered by Microsoft Corporation (NASDAQ:MSFT) since 2013.
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Google has been using the bounty scheme to outperform its rivals, especially within the competitive market. The program also leads to the refinement of the company’s final products, thus proving to be a worthy and significant expenditure. Google claims that it has awarded great researchers from more than 30 countries.