Feature
Facebook ready to give bounty of Rs 26,00000 lakhs to give proof of data leak
California: This news update must be sound weird as well as strange for all the readers but it is true as social media giant platform Facebook has recently said that if anyone in the world can give proof of Data leak then it is ready to bounty in the form of hefty amount which is difficult to calculate for many people as it will be offering $40,000 bounty amount if you find evidence of data leaks which is equal to Rs 26,00000 in Indian currency.
The Facebook pays millions of dollars every year to researchers and bug hunters to stamp out security holes in its products and infrastructure, but following Cambridge Analytica scandal, the company today launched a bounty program to reward users for reporting “data abuse” on its platform.
The move comes as Facebook CEO Mark Zuckerberg prepares to testify before Congress this week amid scrutiny over the data sharing controversy surrounding Cambridge Analytica, a political consultancy firm that obtained and misused data on potentially 87 million of its users.
Facebook through its new “Data Abuse Bounty” program would ask users to help the social media giant find app developers misusing data, Facebook announced Tuesday.
Similar to its existing bug bounty program, the Data Abuse Bounty program will reward a sum of money to anyone who reports valid events of data collection that violate Facebook’s revamped data policies.
The company explains, “This program is complementary to our existing bug bounty program in that it ‘follows the data’ even if the root cause isn’t a security flaw in Facebook’s code.”
“Bad actors can maliciously collect and abuse Facebook user data even when no security vulnerabilities exist. This program is intended to protect against that abuse.”
Facebook offers bounty of Rs 26,00000 lakhs if anyone finds evidence of data leak:
The impact of each report will determine the sum of money Facebook would pay. The “high-impact bug reports” could help users win up to $40,000, though the company notes that there’s no maximum payout, and you can even receive more than $40,000 for big discoveries.
So, if you come across any app violating Facebook’s terms of service by collecting and sharing users’ data with third-party, whether for money, scams or political influence, you can simply report Facebook through the “Data Abuse Bounty” program with evidence.
If your tip about the app developer helps the social media giant caught the rogue app, Facebook will “shut down the offending app and take legal action against the company selling or buying the data, if necessary.”
The Data Abuse Bounty Program is the first of its kind in the industry, wherein the focus is on the misuse of its users’ data by app developers.
To be eligible for the program, your report must involve at least 10,000 Facebook users, explain not only how data was collected, but also how it was abused, and the social media must not have been aware of that specific issue before.
For more details, you can check out the Data Abuse Bounty program on Facebook.
If you are unaware, you can easily download and see all the information Facebook has collected from you in just a few minutes. Here’s how you can download and find out what data Facebook has collected over time, including all your past posts, messages, photos, videos and more.
The State Scores Extra High on Gaming-Friendly Industry Index
Meghalaya scored 92.85 out of 100 possible points in a Gaming Industry Index and proved to be India’s most gaming-friendly state following its recent profound legislation changes over the field allowing land-based and online gaming, including games of chance, under a licensing regime.
The index by the UK India Business Council (UKIBC) uses a scale of 0 to 100 to measure the level of legalisation on gambling and betting achieved by a state based on the scores over a set of seven different games – lottery, horse racing, betting on sports, poker, rummy, casino and fantasy sports
Starting from February last year, Meghalaya became the third state in India’s northeast to legalise gambling and betting after Sikkim and Nagaland. After consultations with the UKIBC, the state proceeded with the adoption of the Meghalaya Regulation of Gaming Act, 2021 and the nullification of the Meghalaya Prevention of Gambling Act, 1970. Subsequently in December, the Meghalaya Regulation of Gaming Rules, 2021 were notified and came into force.
All for the Tourists
The move to legalise and license various forms of offline and online betting and gambling in Meghalaya is aimed at boosting tourism and creating jobs, and altogether raising taxation revenues for the northeastern state. At the same time, the opportunities to bet and gamble legally will be reserved only for tourists and visitors.
“We came out with a Gaming Act and subsequently framed the Regulation of Gaming Rules, 2021. The government will accordingly issue licenses to operate games of skill and chance, both online and offline,” said James P. K. Sangma, Meghalaya State Law and Taxation Minister speaking in the capital city of Shillong. “But the legalized gambling and gaming will only be for tourists and not residents of Meghalaya,” he continued.
To be allowed to play, tourists and people visiting the state for work or business purposes will have to prove their non-resident status by presenting appropriate documents, in a process similar to a bank KYC (Know Your Customer) procedure.
Meghalaya Reaches Out to a Vast Market
With 140 millions of people in India estimated to bet regularly on sports, and a total of 370 million desi bettors around prominent sporting events, as per data from one of the latest reports by Esse N Videri, Meghalaya is set to reach out and take a piece of a vast market.
Estimates on the financial value of India’s sports betting market, combined across all types of offline channels and online sports and cricket predictions and betting platforms, speak about amounts between $130 and $150 billion (roughly between ₹9.7 and ₹11.5 lakh crore).
Andhra Pradesh, Telangana and Delhi are shown to deliver the highest number of bettors and Meghalaya can count on substantial tourists flow from their betting circles. The sports betting communities of Karnataka, Maharashtra, Uttar Pradesh and Haryana are also not to be underestimated.
Among the sports, cricket is most popular, registering 68 percent of the total bet count analyzed by Esse N Videri. Football takes second position with 11 percent of the bets, followed by betting on FIFA at 7 percent and on eCricket at 5 percent. The last position in the Top 5 of popular sports for betting in India is taken by tennis with 3 percent of the bet count.
Local Citizens will Still have Their Teer Betting
Meghalaya residents will still be permitted to participate in teer betting over arrow-shooting results. Teer is a traditional method of gambling, somewhat similar to a lottery draw, and held under the rules of the Meghalaya Regulation of the Game of Arrow Shooting and the Sale of Teer Tickets Act, 2018.
Teer includes bettors wagering on the number of arrows that reach the target which is placed about 50 meters away from a team of 20 archers positioned in a semicircle.
The archers shoot volleys of arrows at the target for ten minutes, and players place their bets choosing a number between 0 and 99 trying to guess the last two digits of the number of arrows that successfully pierce the target.
If, for example, the number of hits is 256, anyone who has bet on 56 wins an amount eight times bigger than their wager.
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