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News Sport Weather World Service ... Newswatch Last Updated: Monday, 25 July 2005, 11:18 GMT 12:18 UK E-mail this to a friend Printable version Bug hunters get big cash rewards Tipping Point will make an offer to buy the bugs Hackers who seek out loopholes in popular programs could soon get cash rewards for their finds. Security firm Tipping Point is setting up a scheme that will see it spend substantial sums to buy bugs sent in by researchers that join the project. Those who top the scheme's rewards system could be earning $50,000 a year from their bug hunting. Although Tipping Point is collecting the bugs, it said it would share finds with other security firms. Points and prizes Many small security companies make their living by exhaustively analysing popular programs, such as Microsoft Windows, for loopholes and bugs. If these bugs go unpatched they could leave the users of these programs vulnerable to exploitation by criminal hackers. Firms regularly issue patches for critical vulnerabilities that leave customers at risk. Tipping Point's Zero Day Initiative capitalises on the large number of security researchers trying out exploits on software and aims to pay them for their work.

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