During the 2012 OWASP AppSecUSA we held a panel on bug bounty programs. Below you'll find the video of the panel.
Panel moderator: Jeremiah Grossman
Michael Coates (Mozilla)
Chris Evans (Google)
Adam Mein (Google)
Alex Rice (Facebook)
Zane Lackey (Etsy)
Bug Bounty Programs- Panel - Moderated by Jeremiah Grossman from David Hughes on Vimeo.
-Michael Coates - @_mwc