Facebook pays $40,000 to bug spotters

 EW YORK (CNNMoney) -- Facebook wants you to try to hack into its site -- and if you succeed, it will pay you for the details. Facebook said this week that that it has paid out more than $40,000 under its new "bug bounty" security initiative. Launched three weeks ago, Facebook's program invites security researchers -- both the professional kind and hacker hobbyists -- to send it the details of any Facebook vulnerabilities that they uncover. If the report checks out, Facebook will pay a finder's fee of at least $500....read more>>>>>