News Bug Bounty business: How a 22-yr old Indian amassed Rs 1.3 crore in his off time

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Last week we woke up to the news of a 22-year old Security Engineer at Flipkart discovering a bug in Facebook that could grant access to messages, credit/debit cards tied to the account and personal photos and other personal information. All without the user’s knowledge.

Anand Prakash, who discovered the bug and informed Facebook about it, was rewarded $15,000 (approx Rs 10 lakh) for discovering the vulnerability which could be disastrous for the Menlo Park-based company.

Head over to Prakash’s Twitter page and in addition to his work title, his bio says ‘bug bounty hunter’. On being asked to elaborate, he said, “A bug bounty program is a deal offered by many websites and software developers by which individuals can receive recognition and compensation for reporting bugs, especially those pertaining to exploits and vulnerabilities. These programs allow the developers to discover and resolve bugs before the general public is aware of them, preventing incidents of widespread abuse.”

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Bug Bounty business: How a 22-yr old Indian amassed Rs 1.3 crore in his off time – Tech2
 
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