Kate Conger, writing for TechCrunch:

While security has been a crucial part of its corporate narrative, Apple has quietly refused to pay for bug reports, at times frustrating security researchers who found it difficult to report flaws to the company. That changed today, as Apple’s head of security engineering and architecture, Ivan Krstic, announced to Black Hat attendees that Apple will begin offering cash bounties of up to $200,000 to researchers who discover vulnerabilities in its products.

Good move, although it’s weird that the program is invite-only at the moment.