Apple ups the reward for finding major exploits to $2 million

Since launching its bug bounty program nearly a decade ago, Apple has always touted notable maximum payouts—$200,000 in 2016 and $1 million in 2019. Now the company is upping the stakes again. At the Hexacon offensive security conference in Paris on Friday, Apple vice president of security engineering and architecture Ivan Krstić announced a new maximum payout of $2 million for a chain of software exploits that could be abused for spyware.

The move reflects how valuable exploitable vulnerabilities can be within Apple's highly protected mobile environment—and the lengths the company will go to to keep such discoveries from falling into the wrong hands. In addition to individual payouts, the company's bug bounty also includes a bonus structure, adding additional awards for exploits that can bypass its extra secure Lockdown Mode as well as those discovered while Apple software is still in its beta testing ...