Apple's new bounties, however, are in the same range as some published prices from contractors.
Apple is expanding its "buy bounty" programme to macOS, tvOS, watchOS and iCloud. That means anyone who can get to the core of Apple's iOS operating system and gain control of an iPhone in a way that wouldn't require any user interaction would be eligible for the payout, as Forbes and TechCrunch explain.
It's one of several updates Apple is making to its bug-bounty program, which it launched in 2016. The previous bug bounty program consisted of $200,000 and included only those involved in Apple's invite-only bug bounty program.
For researchers who discover vulnerabilities in betas and pre-release software packages, a 50% bonus payout is offered on top, meaning a large-scale bug could net a researcher up to $1,500,000 in the most extreme of circumstances.
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The Verge wrote: "While these special iPhone dev devices will be more open to security researchers, they won't have the deep level of access that internal Apple developers and the company's security team have".
Apple is increasing the rewards in an attempt to offset the increasingly profitable private market where hackers sell the same information to governments for vast amounts of money.
Apple is now offering hackers up to $1 million if your able to hack into iPhones and tell them how you did it.
Apple hasn't said how many applications it will be accepting into the program. However, this the iOS security research device program is available only to researchers who have great experience in security research on any platforms. It's the first time Apple has ever offered special devices specifically for security research purposes in this way. There will now be incentives for finding bugs in any of Apple's platforms, regardless of whether you're an established security expert or just a grassroots hacker sitting at home.
Apple will give $1 million to anyone who can hack an iPhone or Mac.