Security firm claims to have found a new weakness in Apple’s iOS 10 that makes it possible to crack password-protected local backups of data for iOS 10 devices.

LAS VEGAS—Apple closed out Black Hat today with a long-awaited announcement that next month it will launch a bug bounty. The Apple Security Bounty will be an invitation-only program, open to two dozen researchers at the outset, said Ivan Krstic, head of security engineering and architecture. The maximum payout is $200,000 and five classes of...

Last week Apple cleared the air as to whether or not it intentionally released an unencrypted version of its iOS 10 beta kernel to the developer community, stating the move was intentional. “The kernel cache doesn’t contain any user info, and by unencrypting it we’re able to optimize the operating system’s performance without compromising security,”...