Now there’s a bug bounty program for the whole Internet
arstechnica.com
arstechnica.com
http://hyperboleandahalf.blogspot.ca/2010/06/this-is-why-ill...
I guess if we're gonna be retroactive, though, there are tons of people who should be named.
""" is sponsored by Microsoft and Facebook. It will be jointly controlled by researchers from those companies along with their counterparts at Google, """
There is a better service than the one you posted from Australia called Bugcrowd: http://bugcrowd.com - a much better executed implementation of the idea, but still not offering money to people.