The new programme "will reward people with first-hand knowledge and proof of cases where a Facebook platform app collects and transfers people's data to another party to be sold, stolen or used for scams or political influence".
The conference on combating cyber crime, organised by the Ministry of Interior, stressed the importance of spreading community awareness about such threats.
The new feature will allow users to get context on the source of a news article with a single click without leaving Facebook and its news feed.
Twitter is testing allowing tweets to be expanded to 280 characters -- double the existing limit -- in the latest effort to boost flagging growth at the social network.
Facebook on Wednesday said it has started weeding out bogus accounts by watching for suspicious behaviour such as repetitive posts or torrents of messages.
Social networking company Facebook has launched a new programme to take the internet to rural areas of India which have poor or no access to cyberspace, a company spokesman said on Tuesday.