However, several experts have said that is not enough money to motivate skilled vulnerability researchers.
"I think it's ridiculous," Charlie Miller, a senior security researcher at Independent Security Evaluators, said when asked on Monday for his opinion of Google's new bug bounty program. "It's insulting. It's so low."
Under Google's new experimental incentive program, announced on 28 January, people will get paid $500 for selected interesting and original security vulnerabilities discovered in Chrome, or $1,337 for particularly severe or clever bugs. That figure refers to the geek term for elite, or 'leet', which can be spelled out using the numbers.
For more on this story, read Microsoft, Google split over browser bug bounty on CNET News.