Facebook recently announced that it has already paid more than $40,000 in the first three weeks of its bug bounty program.

"The company launched its bug bounty program at the end of last month as a way to compensate people who find and report bugs that might otherwise go unfixed or be exploited by malicious hackers," writes CNET News' Elinor Mills.

"One bug hunter received more than $7,000 for six different issues reported, and another person was paid $5,000 for 'one really good report,' Joe Sullivan, Facebook chief security officer, wrote in a blog post," Mills writes.

Go to "Facebook paid $40,000 to bug hunters in three weeks" to read the details.

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