Wednesday, May 4, 2016

Facebook pays 10-year-old boy $10,000 for exposing flaw in Instagram

facebook, instagram, business, technologyThe Instagram logo is displayed on a smartphone on December 20, 2012 in Paris. Instagram backed down on December 18, 2012 from a planned policy change that appeared to clear the way for the mobile photo sharing service to sell pictures without compensation, after users cried foul. Changes to the Instagram privacy policy and terms of service set to take effect January 16 had included wording that appeared to allow people's pictures to be used by advertisers at Instagram or Facebook worldwide, royalty- free. AFP PHOTO / LIONEL BONAVENTURE (Photo credit should read LIONEL BONAVENTURE/AFP/Getty Images)

LONDON — A 10-year old boy has just become the youngest person ever to receive a reward from Facebook after he uncovered a bug on its Instagram platform. (And he’s not even old enough to have his own account, according to Instagram’s minimum age policy.) - Students Debt Consolidation Loans -

Facebook gave the boy $10,000 after he told the company about a flaw that allowed him to delete other people’s comments. - bad credit remortgages -

The boy reportedly told Finnish newspaper Iltalehti that he could have even deleted comments from Justin Bieber. Named only as “Jani”, the boy from Helsinki, Finland, plans to spend his money on a bike and a soccer ball, the newspaper reported. - Free Forex Trading -

Facebook, which bought Instagram in 2012, said the bug was fixed in late February. Jani received his payment in March. - Car Free Insurance Online Quote -

Facebook has been running its “bug bounty program” since 2011, rewarding hackers when they report tech and security problems. - free quote for car insurance -

The program has paid out more than $4.3 million to over 800 people around the world. The size of the reward varies depending on the issue.

It is not uncommon for teenagers to submit reports to the program, a Facebook spokesperson told CNNMoney.

Many tech companies offer similar programs to hackers who report cybersecurity vulnerabilities.

Uber recently began offering $ 10,000 rewards for each critical problem that hackers identify.

AT&T bounties range from $100 to $5,000, while Google pays between $100 to $20,000.

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