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After Apple Offers $200,000 for iPhone Hacks, a Private Firm Offers $500,000
By: The Verge
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There's an arms race in the hunt for tradable software vulnerabilities, but it's not just about methods — price counts too. Last week, Apple launched its first ever bug bounty program, offering cash rewards of up to $200,000 for ways to compromise its hardware and software. This week, an exploit trading firm named Exodus Intelligence unveiled its own new program for collecting vulnerabilities, which just happens to include a bounty for hacks targeting iOS 9.3 and up worth $500,000 — more than double what Apple is paying.

This isn't unusual. Private companies regularly offer more money for vulnerabilities than big tech firms, but the relatively open nature of Exodus Intelligence's hit-list (you have to log-in to see the details, but the general prices are there for everyone) shows how the exploit market is becoming increasingly public. Last year, security firm Zerodium paid $1 million to hackers for an iPhone hack and the offer made headlines — even if Zerodium later lowered this fee to "up to $500,000" for subsequent iOS hacks.

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This article was published on The Verge. A link to the original article can be found after the post.
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