A new $500,000 iOS bug bounty beats Apple’s offer
A security firm is offering up to US$500,000 for information on zero-day vulnerabilities in iOS, surpassing Apple’s bug bounty just days after it was announced.
On Tuesday, Texas-based Exodus Intelligence said it will give between $5,000 and $500,000 for zero-day vulnerabilities relating to iOS version 9.3 and higher.
These zero-days are software flaws that have gone undetected by Apple, making them potentially very valuable, especially for cyber criminals who can use them to hack iPhones.
Exodus’s announcement might draw interest away from Apple’s own bug bounty program, which was unveiled last week.