The Internet Bug Bounty program, a joint effort by Microsoft and Facebook, has rolled out and is offering a minimum for $5,000 for flaws in sandboxed applications or for bugs in fundamental internet technologies such as DNS and SSL.

From the website:
"Our collective safety is only possible when public security research is allowed to flourish. Some of the most critical vulnerabilities in the internet's history have been resolved thanks to efforts of researchers fueled entirely by curiosity and altruism."

"We owe these individuals an enormous debt and believe it is our duty to do everything in our power to cultivate a safe, rewarding environment for past, present, and future researchers."


The contest is open to anyone, however minors will need to have their parents receive the bounty.