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Hackers can make big money by finding backdoors for Facebook, Google, and even Twitter – it helps the companies detect and close security loopholes. The amount is a reflection of the companies’ effort and the risk which has been thwarted.
The Bangalore-based hacker was rewarded with $15,000 by Facebook for cracking a login-related bug which could have had catastrophic implications for users of the social networking site.
Apparently, the hacker, Anand Prakash, was able to infiltrate into various Facebook accounts by resetting the password which gave him the following details. Facebook has admitted to the breach, and in return awarded him the bounty.
But that’s not all, Anand then looked out for the same issue on beta.facebook.com and mbasic.beta.facebook.com, and interestingly found the rate limiting was missing on forgot password endpoints.
To check the outcome, Anand decided to hack his own account and set a new password for it. After successfully doing so, he used the same password to login in the account which set the alarm bells ringing.
Once he alerted Facebook about the discovery, the social networking giants duly replied to Anand and thanked him for his findings.
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