Apple offers $1 million reward to anyone who can hack an iPhone

Apple will have to compete with not only Netflix but also Amazon, Disney, HBO and more. (Source: MGN)

(CBS NEWS) Apple is offering up a $1 million reward to anyone who can hack an iPhone.

CBS News reports it's part of the tech giant's bug bounty program.

The bug bounty program, which previously offered rewards of up to $200,000 for finding problems in iOS devices, first launched in 2016. Apple head of security Ivan Krstić announced major changes to the program on stage at the Black Hat conference in Las Vegas Thursday, CNET reports.

Starting this fall, the reward will be increased to $1 million for the first time. It will also expand to include all of Apple's platforms.