"We committed to launching this programme a few weeks ago as part of our efforts to more quickly uncover potential abuse of people's information," Collin Greene, Head of Product Security, wrote in a blog post, late on Tuesday.
The Data Abuse Bounty is inspired by the existing bug bounty programme that the company uses to uncover and address security issues and it would help Facebook identify violations of its policies.
This programme would reward people with first-hand knowledge and proof of cases where a Facebook platform app collects and transfers people's data to another party to be sold, stolen or used for scams or political influence.
"Just like the bug bounty programme, we will reward based on the impact of each report. While there is no maximum high impact, bug reports have garnered as much as $40,000 for people who bring them to our attention," Greene said.
Facebook would review all legitimate reports and respond as quickly as possible when the company identifies a credible threat to people's information.
"If we confirm data abuse, we will shut down the offending app and take legal action against the company selling or buying the data, if necessary. We'll pay the person who reported the issue and we'll also alert those we believe to be affected," the executive added.
Facebook is currently embroiled in a widening scandal that a British political consultancy firm Cambridge Analytica had improperly gathered detailed Facebook information on 87 million users, up from a previous estimate of more than 50 million.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
