WSLabi launches an auction site for Zero-Day Bugs!

This is not going to make software companies any happier. WSLabi, a Swiss security research lab has announced the establishment of an online marketplace for security research.

This web portal has been developed to enable researchers, security vendors and software companies to bid for information related to software research.

This means that security researchers can place their findings on this store for companies to bid.

The company behind this new project claims that they’re looking to help researchers get the “correct value for their findings” through this new online destination.

Herman Zampariolo, CEO of WSLabi added in a statement: “We decided to set up this portal for selling security research because, although there are many researchers out there who discover vulnerabilities, very few of them are able or willing to report it to the right people due to the fear of being exploited. Recently, it was reported that although researchers had analyzed a little more than 7,000 publicly disclosed vulnerabilities last year, the number of new vulnerabilities found in code could be as high as 139,362 per year. Our intention is that the marketplace facility on WSLabi will enable 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.”

However, experts believe that this could help hackers to get access to undisclosed bugs in software applications which can cause bigger problems.

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