In this new post to Reddit.com Timoh suggests something that could definitely help improve the overall security of the PHP ecosystem - a bug bounty system, providing libraries and projects an easy way to security-related submissions for their code.
To encourage software security research on the open-source PHP libraries we use everyday, I have been brainstorming the possibilities for us, the code authors, to start to offer security bug bounties on the projects we maintain. It is a shame such a few PHP projects encourages security research by offering bug bounties, and I think it doesn't have to be this way.
He describes his ideas for the system including the ability to offer both monetary bounties and other kinds of recognition as well. Comments on the post are largely supportive, agreeing with him that it can definitely help things. He also makes the suggestion of getting frameworks with corporate backings (like Zend Framework and Symfony) to be some of the leaders and be an example to other projects and get them on board. What do you think? Add your own thoughts and suggestions about the project to the mix!