Wanted Security Bug Hunters : Facebook Offers $500 Rewards

Facebook recently announced through blog post that they are willing to pay $ 500 , to those who can identify their vulnerability for privacy leak of their users.

"To show our appreciation for our security researchers, we offer a monetary bounty for certain qualifying security bugs," Facebook said in a blog post.

Facebook security team will assess each bug to determine if it qualifies with the reward.

Last month Facebook hired George Hotz, a celebrated hacker known as "GeoHot," but has not disclosed what he is doing for the company. Hotz was sued by Sony for hacking the Japanese company’s PlayStation 3 game console and is credited with being the first person to go public with a way to hack into an iPhone.

Now this is good chance for hacker to earn money.