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A new $500,000 iOS bug bounty beats Apple’s offer

August 11, 2016

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A security firm is offering up to $500,000 for information on zero-day vulnerabilities in iOS, surpassing Apple’s bug bounty just days after it was announced. On Tuesday, Texas-based Exodus Intelligence said it will give between $5,000 and $500,000 for zero-day vulnerabilities relating to iOS version 9.3 and higher.

These zero-days are software flaws that have gone undetected by Apple, making them potentially very valuable, especially for cyber criminals who can use them to hack iPhones.

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