Zerodium announces “The Million Dollar iOS 9 Bug Bounty”

Zerodium, a privately held and venture backed startup, rewards independent researchers for their zero-day discoveries and then analyzes, documents, and reports all acquired security information, along with protective measures and security recommendations, to its clients as part of the ZERODIUM Security Research Feed (Z-SRF).

On Monday, the firm announced the world’s biggest zero-day bug bounty program, “The Million Dollar iOS 9 Bug Bounty”.

It said that as with all other operating systems, Apple iOS is also often affected by critical security vulnerabilities. Although Apple iOS is the most secure mobile OS at present due to the growing number of security improvements, it does not mean it is unbreakable.

“It just means that iOS has currently the highest cost and complexity of vulnerability exploitation and here's where the Million Dollar iOS 9 Bug Bounty comes into play”, it added.

Zerodium made the offer to payout a total of $3 million in rewards for iOS exploits/jailbreaks. It will pay out $1 million to each individual or team (experienced security researchers, reverse engineers and jailbreak developers) who creates and submits “an exclusive, browser-based, and untethered jailbreak for the latest Apple iOS 9 operating system and devices.”