Google will now pay upto $2,00000 for finding bug in Android

Google's VP of Payments, Pali Bhat commented: "We're excited to bring the simplicity and security of mobile payments to Android users in Canada with the help of companies like Paysafe".

Google started the bug bounty program for Android about two years ago, since then the reward value has been increased from $50,000 to up to $200,000.

Every new generation Android system gets released with plenty of new features to offer but they have all failed to address a lingering issue with the mobile OS.

This comes days after malware "Judy" hit over 36.5 million Android-based phones. Google started the bug bounty program for Android almost two years ago.

Paysafe, a leading global payments provider, announces it has teamed with Google to be one of the first Payment Service Providers (PSP) to launch in-app Android Pay capabilities to its merchants in Canada.

According to the Cyber Security firm checkpoint, dozens of malicious apps have downloaded between 4.5million to 18.5 million times from a play store. It has been found out that some of these malware-affected apps have been residing on the online store for several years.

$150,000 to any security researcher who files a bug report for a remote kernel exploit.

Bug bounty programs are an excellent addition to existing internal security programs.

The payouts vary based on the severity of the exploits, but, overall, Google has paid security researchers more than $1.5 million since the program began. TruztZone is chipset related technology, which ensures biometric data, DRM and boot settings are kept in a trusted secure environment. Finding bugs and squashing them in Android is one thing, but the company is also making more of an effort to actually have those fixes trickle down to actual devices via monthly security updates.

The increased rewards apply to two bounties. Google said the increases were a result of not having paid out its top reward for two years.

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