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BOSTON —Microsoft Corp said on Tuesday it is paying a well-known hacking expert more than US$100,000for finding security holes in its software, one of the largest such bounties awarded to date by a high-tech company.

[np_storybar title=”Microsoft investors wait for next catalyst” link=”http://business.financialpost.com/2013/09/18/microsoft-investors-wait-for-next-catalyst/”]Microsoft Corp.’s quarterly dividend hike to US28¢ per share and new US$40-billion share-buyback program on Tuesday caps a slew of recent announcements for the tech giant, but may not leave investors many further upside catalysts. Keep reading.

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The software maker also released a much anticipated update to Internet Explorer, which it said fixes a bug that made users of the world’s most popular browser vulnerable to remote attack.

James Forshaw, who heads vulnerability research at London-based security consulting firm Context Information Security, won Microsoft’s first US$100,000 bounty for identifying a new “exploitation technique” in Windows, which will allow it to develop defenses against an entire class of attacks, the software maker said on Tuesday.