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Facebook values the privacy of its billion users at $4,500

Yvo Schaap from yvoschaap.com writes: "Facebook holds an unprecedented amount of personal data and content in quantity as well as in quality, which can't be compared to any other (online) entity. There lays also one of their biggest operational risks. After finding the leak, I disclosed the details to Facebook's security team. After confirmation, my disclosure of the exploit accessing a user's account was awarded with the bounty of... $4,500."

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yvoschaap.com
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In2iti0n1964d ago

According to the post, Yvo got $4,500 for a few hours worth of work. That seems a fair reimbursement for his time and expertise.