Microsoft: Microsoft Launched First Bounty Program to Pay Hackers

Microsoft First Time Announced Its Bounty Programs

Good news for tech savvy guys, who know computer programming.
Here Microsoft first time announced to pay up to $100,000 for exploitation techniques against protections built into the latest version of operating system (Windows 8.1 Preview). Now Microsoft first time, shown its willingness to work with *hackers* too. While other big tech companies like Google, Facebook are already working with them.
This indicates that, large tech corporations are practicing -  hiring individual or external researchers or hackers or capable persons  to defense from programming threat, that arise from external source.
Microsoft announced it in so-called bounty programs.
Microsoft Announces Bounty Programs Pic Credit:
"Friends, hackers, researchers! want to help us protect customers, making some of our most popular products better? And earn money doing so? Step right up..." 
That was the part of Microsoft announcement.

Microsoft First Bounty Programs

Microsoft says Mitigation Bypass Bounty system and others programs will launch on June 26, 2013.
Here is pay scheme for those programs.
$ 100,000 for truly novel exploitation techniques (Time Frame Ongoing) Microsoft named it Mitigation Bypass Bounty.
$ 50,000 for defensive ideas (Time Frame Ongoing) Microsoft named it BlueHat Bonus for Defense.
$11,000 for critical vulnerabilities (Time Frame 30 days) Microsoft named it Internet Explorer 11 Preview Bug Bounty. 

What Is Bounty System or Bounty Program

Simple meaning of Bounty is reward or payment. In special case, organization or any party offers Bounty. Bounty is offered for external groups, who accomplish particular jobs. Here Microsoft offered its bounty system for external researchers, hackers or anyone who are capable to finish this task. Traditionally, government used to offer bounty program to capture "Wanted Person". And person who accomplishes this task is called bounty hunter. Hope you understand what is bounty.
Read here full announcement of Microsoft Bounty Programs
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