The iPhone is one of the most secure devices you can purchase these days, but Apple’s security is far from being hack-proof. Also there are vulnerabilities in the code that hackers can use to get access to the phone. And a company that sells such exploits has raised its bug bounty for iPhone zero-day attacks — the kind of vulnerabilities that Apple hasn’t yet discovered — to $1.5 million.
But the thing is that the respective bounty is not offered by Apple. It is offered from Zerodium, which is something between a black hat and a white hat organization, a shade of gray if you like. These people are offering a huge amount of cash for an iOS 10 Zero Day exploit, a sum which is 7 times more than Apple themselves are putting on the table.
This isn’t the first time Zerodium has made headlines with its extravagant offers for hackers. Even last year $1 million bounty was offered for vulnerabilities found in iOS 9.