PayPal to offer payment for finding security bugs

posted onJune 22, 2012
by l33tdawg
http://en.wikipedia.org/wiki/PayPal
Credit: http://en.wikipedia.org/wiki/PayPal

PayPal has joined the likes of Google and Facebook by announcing Thursday that it will begin paying researchers who discover vulnerabilities on its website.

The online money transfer service's CISO, Michael Barrett, said he initially had mixed thoughts about implementing a rewards program, but data has backed up its effectiveness. PayPal will pay for bugs that fall into four categories: cross-site scripting, cross-site request forgery, SQL injection and authentication bypass.

The compensation will be based on severity, but specific criteria was not provided.

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