Apple is giving this money for finding security flaws in iPhones. (File Photo)
Some people love to find flaws in others, but what if you will be paid for it. No, we are no kidding! Tech giant Apple Inc is offering USD 1 million (Rs 7 crore approx.) for detecting flaws. According to a Reuters report, Apple is giving this money for finding security flaws in iPhones. The announcement was made during the annual Black Hat security conference in Las Vegas on Thursday.
Apple had started this bounty programmed three years ago but this is the for the first when the company has expanded it for macOS, tvOS, watchOS, and iCloud.
The USD 1 million prize would apply only to remote access to the iPhone kernel without any action from the phone's user, the report said. Apple's previous highest bounty was USD 200,000 for friendly reports of bugs that can then be fixed with software updates and not leave them exposed to criminals or spies, it added.
Meanwhile, an Apple-branded credit card designed primarily for mobile use has been rolled out. The company had announced the card in March in a partnership with Goldman Sachs.
What sets Apple Card apart from other cards is its reliance on the iPhone. Though customers can request a physical card for free, an iPhone is required to apply, check statements and pay balances. There's no web-based option planned.
The app will also offer tools for managing spending and suggest various payment amounts based on past payments and spending. And cashback rewards return to customers through an Apple Cash account, which can be used for other purchases, credit card payments and transfers to traditional bank accounts.
Goldman will be in charge of approving applications and monitoring transactions for fraud.
Apple says it isn't getting transaction data and has agreements that bar Goldman from using data for other purposes, such as advertising and marketing Goldman's other services.