Alphabet Inc (NASDAQ:GOOGL) Google and Microsoft Corporation (NASDAQ:MSFT) have adopted a higher payment program for its software developers. Microsoft’s bug bounty reward will now be $30,000 from $15,000 for a period of three months. The offer is from March 1 to May 1 and will particularly benefit those who are carrying out serious vulnerability submissions for explicit online accounts provided by the tech giant.
The minimum payment, which is at $1,000, was previously $500. This will provide big money for both big and small developers so long as they submit eligible vulnerabilities. However, Google acknowledges the need for higher for payouts citing that it is becoming extremely difficult to find high-severity vulnerabilities.
But only vulnerabilities found in eligible online service domains will receive the bounties
Google’s bounty program is not open just for any vulnerability. The vulnerabilities must be from the likes of Google play, the Chrome web store, and Google Search among others. It will also pay for bug from core web applications in the Office 365 suite the likes of outlook.office365.com, outlook.com portal.office.com or outlook.office.com.
The software giant has been relying on Office for generation of the lion’s share of its sales and profits. The Office is currently available in 150 markets with close to 44 languages on board. Nonetheless, Microsoft says its target is to have the application in 97 new countries over the next year.
We are not done yet even with increased bounty for Office 365 bugs: Microsoft says
Apart from the doubled bug bounty, Microsoft has other goodies. It will be installing a new update to its Windows 10 operating system. After a failed promise of the same last year, the company confirmed it during Microsoft’s Ignite conference in Australia. Nonetheless, the production date for the update will be in 2018, which is likely to give a hint as to when business will start executing the update.
Bug bounty programs are very applicable in the present day of increasing cases of cyber crime. Hackers have gone a notch higher if exploiting systems and are making tons of money. Meanwhile Microsoft’s stock closed at $64.27 witnessing an increase of $0.02 or 0.03% while that of Alphabet closed at $847.27 a fall of $1.81 or 0.21%.