Post details: High Tech Auction For Security Risks

07/06/07

Permalink 01:29:52 pm, Categories: Science and Technology, Online Auctions 158 words  

High Tech Auction For Security Risks

I read the following news snippet on the BBC this morning, and must say I thought what a brilliant idea! Read on:

Security researchers who find holes in software can now sell their findings to the highest bidder.

An online auction house has been created to bring together those who find the loopholes with the companies that can do something about them.

It aims to close the gap between the small number of bugs investigated and the huge number thought to exist.

By rewarding researchers, the auction house aims to prevent flaws getting in to the hands of hi-tech criminals.

Full BBC Article Here

With this reward system so to speak in place it gives incentive for people to work on fixing these security breaches. Perhaps even some of the would be "criminals" who might consider exploiting these bugs will now see this auction as a lucrative, and legal alternative? Like I said above, brilliant idea!

Sue
XOX

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