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Update: Google Spent $3 Million on Bounty Program in 2016

Google has said that it spent $3 million on its hacker bounty program during 2016. In a detailed review of its key activities in 2016, the company says that it spent the money to reward ethical hackers who helped it to identify specific problems in its various products.

Google Spent $3 Million on Bounty Program in 2016
Credit: DWilliams / Pixabay

Google, like many other leading tech companies, has been heavily relying on researchers to help it identify possible bugs in its products and fix them as a precautionary measure.

As it has been the case with many other companies, Google has been announcing various bounty programs for its various products every year, in a bid to make its products safe.

The company says that the fact that it spent this amount of money on security researchers underscores its commitment to keeping its clients safe.

In the review report, the company highlights a number of important things relating to its bounty program that occurred in 2016.

It is reported that a total of 1,000 bugs were found in various products of the company for the year 2016. Also, according to the report, payments for the discovery of various vulnerabilities varied considerably, with one single discovery attracting a payout of $100,000.

It has also been pointed out that there was a considerable increase in the amount of money that the company paid out to white hat hackers in 2016, given that it spent $2 million on bounty programs back in 2015.

The company pointed out that the increase in the amount of money that it spent on the program in 2016 was not necessarily as a result of a discovery of more bugs in its products.

At the beginning of 2016, the company announced that it was increasing the minimum amount that it was going to pay to researchers who successfully discover flaws in its products. It appears that the increase in the minimum payout amount was responsible for the high figure of the total amount that the company paid out to researchers.

The company has also pointed out that in 2016; more than 350 researchers took part in its bounty programs, which is a considerable increase in the number of researchers who participated in the company’s bounty programs back in 2015. The company pointed out that the researchers who participated in the 2016 bug bounty program are from 59 countries in the world.

Given that Google and other leading tech companies have been spending a lot of money on letting researchers check for bugs in their products, it is highly likely that this trend will continue in the coming years.

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