The eBay of Security - WabiSabiLabi Vulnerability Auction Site Launched

I read an interesting report today from SecurityFocus about an online auction site for security bugs. WabiSabiLabi or simply, WSLabi was just launched. According to SecurityFocus, its online portal will allow researchers to sell vulnerabilities they have discovered to software companies and other interested parties through an open market.

From the WSLabi Web site:

WabiSabiLabi is aiming to a single moving target: to bring the world closer to zero risk.

If the world must become a safer place, the first part of the recipe is simple: to provide a better rewarding for the security researchers, organising an efficient and transparent marketplace, here to maximise the results of their efforts.

This is good news for security researchers. Price offerings are attractive too, ranging from $1,000 to $15,000 if based from the offers of security companies like TippingPoint and iDefense.

Will this help lessen the risks online? We’ll have to wait and see.

This entry was posted on Saturday, July 7th, 2007 at 5:34 and is filed under Security, Web News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.