Security company launches eBay for bugs

A Swiss company called WabiSabiLabi has created a marketplace for details on security vulnerabilities

Psst. Want to buy a zero-day?

A Swiss startup called WabiSabiLabi has some for sale, but to qualified buyers only.

On Tuesday, the company launched a security vulnerability marketplace, where details on unpatched software flaws can be bought and sold. By Thursday, the site was offering details on four bugs in products such as the Linux kernel and Yahoo Messenger. No bids had yet been registered, and asking prices for the research ranged between Euro 500 and Euro 2,000

A zero-day vulnerability is a previously undisclosed bug that has not been fixed by the vendor.

WabiSabiLabi argues that the computer industry's ethical disclosure policies have led to a raw deal for security researchers, who typically are not paid for disclosing vulnerabilities. "Nobody in the pharmaceutical industry is blackmailing researchers (or the companies that are financing the research), to force them to release the results for free under an ethical disclosure policy," the WabiSabiLabi Web site states. Representatives from WabiSabiLabi could not immediately be reached for comment.

The company bills its marketplace as a way for "security researchers to get a fair price for their findings and ensure that they will no longer be forced to give them away for free or sell them to cyber-criminals."

But to David Perry at Trend Micro, it looks like something else. "It's going to be eBay for vulnerabilities," he said.

Although WabiSabiLabi says it will sell details only to legitimate buyers, Perry is concerned that the site could be used to put dangerous information into the hands of criminals. "We're looking at the potential of cyber warfare coming up," said Perry, who is Trend Micro's global director of education. "Now we're going to peddle vulnerabilities in a winner-takes-all auction. How do we know who's good and who's bad when we do this?"

Security researcher Cesar Cerrudo said that while it's uncommon for researchers to go underground to sell their vulnerabilities, it does happen. "Researchers will try to get money in the easier and faster way, and sometimes that can only be done in the black market," said Cerrudo, CEO of Argeniss Information Security.

WabiSabiLabi is run by Herman Zampariolo, formerly CEO of Italian networking vendor iLight. It lists Roberto Preatoni, founder of the Zone-h.org cyber-defacement Web site, as its strategic director.

Like eBay, WabiSabiLabi offers sellers a variety of options. Research can be offered at a fixed price, sold at auction, or sold to a number of different buyers in what is known as a Dutch auction.

WabiSabiLabi will test the research to make sure the vulnerabilities operate as advertised, and the company will also vouch for the sellers and buyers, who can remain anonymous and trade under nicknames.

Companies such as 3Com's Tipping Point division and VeriSign's iDefense Labs have offered cash for this type of research before, but this is the first time that such an open marketplace has been created, Perry said.

Argeniss's Cerrudo doesn't share Perry's fear of the vulnerabilities being misused. "This is already happening in the underground," he said, "but with a public service like this, I think things are a little clearer."

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Robert McMillan

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?