Previous $12.50 rewards were funded from IT security team’s pockets.

Yahoo will reward security researchers who find vulnerabilities in its platforms with payments of between $150 and $15,000 from the end of October under a major overhaul of its bug bounty system.

The amount of the reward will depend on the severity of the reported issue, and will replace what has emerged as an informal reward system that was being administered and paid for by the internal security team themselves (which is known as ‘Yahoo Paranoids’).

That informal reward system was tested and criticised this week by Swiss penetration testers High-Tech Bridge, who said they had been rewarded for finding cross-site scripting vulnerabilities with a US$12.50 voucher that could be used to buy Yahoo-branded merchandise.

SOURCE: itnews.com.au