Back in January of 2010, Google announced a ‘Chromium Security Reward’ program for folks who find critical security bugs for the Chrome Browser. The base reward for bugs is $500 (Rs. 22,630.94) with the more critical bug hunting fetching a cool and clever sum of $1,337 (Rs. 60,529.17)or ‘l33t’ for short. Six months later, the prize money for a single critical bug went up to $3,133.70 (Rs. 141,896.67) aka the 'elite' award
No one had won this award until today, when a chap by the name of Sergey Glazunov discovered a critical bug within Chrome and submitted it to Google. In addition to winning the said prize, he picks up the ‘l33t’ award as well as several other prizes.
The Chromium Security Reward program has been highly successful in finding and closing a lot of hidden bugs from the Chrome Browser. For those interested in finding out how the entire operation works can check out the Google chrome blog.
As for Mr. Sergey Glazunov, I hope Google hires this guy for some Chrome bug hunting.