Facebook has announced that it will bring its bounty program to Instagram. The bounty program will provide compensation to those who are able to find data abuses happening on the Instagram platform. Facebook started the program in 2018 and will now expand its other platform. Reports will focus on data access, where third-party apps that store or access user data will be targeted. This would include things like fake user interactions, which could pertain to likes, comments or followers.
The company appears to value data security and believes that users are a great resource to monitor potential security threats. To date, Facebook has rewarded people with over $1.1 million for security information in 2018. Actionable information reported to the company was compensated with an average of $40,000.
Data-Based Security Bounties
Facebook Has Expanded Its Data Misuse Bounty Program to Instagram
Trend Themes
1. Data-based Security Bounties - Companies incentivize users to report data abuses on social media platforms to increase data security and prevent potential security threats.
2. Instagram Data Misuse Monitoring - Instagram follows Facebook's lead in expanding their data misuse bounty program to increase the platform's data security.
3. Third-party App Data Access Oversight - Social media companies are increasingly focused on monitoring and preventing third-party apps from accessing and misusing user data.
Industry Implications
1. Social Media Platforms - Social media platforms are leveraging the collective intelligence of their users to enhance data security and prevent potential security breaches.
2. Data Security Companies - Data security companies can partner with social media platforms to develop advanced solutions to ensure user data privacy and security.
3. Application Development Companies - Application development companies can focus on creating secure solutions that prevent unauthorized access and misuse of user data on social media platforms.