If you want proof that Apple is taking iPhone security seriously, look no further than its new $2 million payout for its bug bounty program.

Reports accepted by Google provide different financial rewards and incentives, with payouts for most reports ranging from $500 to $20,000. For example, a bug bounty describing a severe rogue action could earn a researcher up to $10,000, whereas an access control bypass might pay out up to $2,500.

Google launches new dedicated AI Vulnerability Reward Program (VRP) with rewards of up to $20,000 for critical flaws.

The top base payout in Apple's bug bounty program just doubled overnight to $2 million, and can scale to over $5 million with certain bonuses applied.

Apple has updated its bug bounty program, doubling the top reward to $2 million, plus bonuses that could take payouts over $5 million, for “exploit chains that can achieve similar goals as sophisticated mercenary spyware attacks.