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Re:What Happens When You Send a Zero-Day to a Bank? by dheera on Friday April 21, 2017 @04:10PM (#14169008)
Why didn't they just give him $10K to shut up and then go fix the issue? It would be cheaper than all the lawyer fees.
Re:What Happens When You Send a Zero-Day to a Bank? by anigbrowl on Friday April 21, 2017 @05:52PM (#14169714)
Because if the vulnerability turns into a problem down the line and ends up in court, the record of the payment could come out during discovery, which could be made to look bad for the defendant firm.

Have you heard of Elizabeth Kubler-Ross's '5 stages of grief' model that summarizes people's typical responses to bereavement? EKR argued that people generally go through a cycle of denial, anger, bargaining, depression and acceptance. IME this is a good rule of thumb for how people typically handle any kind of unwelcome news.

In this case:

  o There is no such problem
  o Grr why did you hack us I'll call the police
  o How about you take this pittance and STFU
  o We're just trying to run a business and you ruined everything
  o OK we'll fix it and alert our customers
Re:What Happens When You Send a Zero-Day to a Bank? by tptacek on Friday April 21, 2017 @06:54PM (#14170082)
Vulnerabilities like these aren't likely to cost anything close to $10K, even if they stay open for years.

But stipulate that there's some number here, and the answer is: because nobody in management at Zecco ever built a plan for how to handle incoming vulnerability reports, and so nobody who got the report was empowered to do anything but escalate the issue --- and halfheartedly, at that, because nobody in management at Zecco ever build a policy that ensures anyone cares about vulnerabilities, so this is for them the moral equivalent of a WONTFIX.

How diligently would you escalate a WONTFIX?

Re:What Happens When You Send a Zero-Day to a Bank? by fulldecent on Saturday April 22, 2017 @11:34PM (#14176333)
The person I was in contact with was the CTO Michael Raneri and the General Council. And the CTO was promoted to CEO while the bug was still broken. And then he cashed out and sold the company.

Escalation enough?

Re:What Happens When You Send a Zero-Day to a Bank? by tptacek on Saturday April 22, 2017 @11:57PM (#14176399)
What do you want me to tell you? I agree with you: they don't care. It didn't appear to matter for their outcome. They WONTFIXed a CSRF. Are you shocked?
Re:What Happens When You Send a Zero-Day to a Bank? by Natanael_L on Friday April 21, 2017 @04:29PM (#14169147)
Scare people away from looking. Security by obscurity
Re:What Happens When You Send a Zero-Day to a Bank? by fulldecent on Saturday April 22, 2017 @11:55PM (#14176392)
On my phone call it was very awkward because I am spending lots of time helping them, sending multiple PoCs. But I think it improper to ask for money. Maybe if would count as blackmail. So I didn't. Also their ONLY goal, as per article, was to make me STFU. So this is why talks quickly got boring.
Re:What Happens When You Send a Zero-Day to a Bank? by jessaustin on Friday April 21, 2017 @04:20PM (#14169091)
Spending money is part of the point, since that's the way one gains power in large organizations. Even better if one can spend lots of money doing something self-evidently stupid and also rather mean.

Large firms wouldn't survive at high enough rates to dominate public life as they do, if they weren't underwritten by the state at every turn.