Facebook announced Thursday its first formal policy on how it will disclose bugs security researchers find in other companies' products.

The policy also details how long Facebook will give them to respond, repair and distribute the patch.

"Sharing our policy publicly helps everyone understand the right expectations about reporting/disclosure," said Nathaniel Gleicher, head of security policy at Facebook, in a written statement. "We are releasing the policy to make the process of helping people fix these issues and become safer as smooth as possible."

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