Apple launches its first-ever bug bounty programme.

Apple is planning to launch its new bug bounty program that will offer cash in exchange for undiscovered vulnerabilities in its products. Apple's first ever bug bounty programme was announced onstage by Ivan Krstić, head of Apple Security Engineering and Architecture, at the Black Hat conference on Aug 4,  Launching in September, offering hackers and security researchers up to $200,000 to find vulnerabilities in recent version of iOS, iCloud or latest generation of hardware.
In addition to this the Department of Defence, Uber and Chrysler launched their own programmes this year. While some of the big companies like Google, Microsoft, Yahoo, Facebook and Twitter have already had existing bounty programmes.
This program will begin as invite-only, including few countable number of  security researchers who have previously found and reported valuable vulnerabilities to the company.
"However, Apple won't turn away new researchers if they provide useful disclosures," the report said. To be eligible, researchers will need to provide a proof-of-concept on the latest iOS and hardware.

 Bhuvan Arora