Microsoft and Facebook want to find security problems with some of the key technologies that power the web. Volunteers from Facebook, Microsoft, and even Google will form a panel to judge the entries, and there’s a list of disclosure rules to ensure bugs are reported and disclosed correctly. While Microsoft, Facebook, and Google all compete online, the collaboration is designed to target high profile bugs that could cripple key internet infrastructure. Even if we are fierce competitors… the security teams dont have to be competitors, says Facebook product security lead Alex Rice in an interview with Reuters.
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