Cybersecurity » MIT Joins Ranks Of Hacker Bounty Payers

MIT Joins Ranks Of Hacker Bounty Payers

May 2, 2016

Employee incentive business concept as a group of businessmen and businesswomen running on a track towards a dangling carrot on a moving cable as a financial reward metaphor to motivate for a goal.

Following the example of Uber and the U.S. Department of Defense, the Massachusetts Institute of Technology has established a bug bounty program. Hackers who find and “responsibly disclose” vulnerabilities on the school’s sites will be able to collect a reward in the form of a deposit into their so-called techCASH account, which can be used at various local businesses, including restaurants and grocery stores, near where the university is located in Cambridge, Mass. Only a select few, however, are eligible for the program: You need to be an MIT student or affiliate. The university is calling this an “alpha program” – it’s only a test.

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