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Samsung's bug bounty program will pay rewards of up to $200,000

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With the growing number of cyber attacks and data breaches, a number of tech companies and organisations have started Bug Bounty programs for encouraging hackers, bug hunters and researchers to find and responsibly report bugs in their services and get rewarded. Samsung is the latest in the list of tech companies to launch a bug bounty program, announcing that the South Korean electronics giant will offer rewards of up to $200,000 to anyone who discovers vulnerabilities in its mobile devices and associated software. Dubbed Mobile Security Rewards Program , the newly-launched bug bounty program will cover 38 Samsung mobile devices released from 2016 onwards which currently receive monthly or quarterly security updates from the company. Conditions for rewards qualification: 1. Security vulnerability report ("Report") must be applicable to eligible Samsung Mobile devices, services, applications developed and signed by Samsung Mobile, or elig