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Re:Ask HN: Why should I trust password managers? by SkyMarshal on Thursday February 17, 2022 @02:34PM (#30377575)
I suspect that’s not nearly enough, given that their breached database would probably sell for multiple orders of magnitude more on the darknet. Should probably be $1M at least.
Re:Ask HN: Why should I trust password managers? by jolux on Thursday February 17, 2022 @03:36PM (#30378321)
1Password vaults are encrypted end-to-end, their database would not be worth nearly that much. It's a bunch of worthless data. A successful hack of 1Password would probably require pushing bad client updates.

Besides which bug bounties are not really intended to disincentivize people from committing crimes, they're intended to incentivize researchers to report findings and reward them for their efforts.

Re:Ask HN: Why should I trust password managers? by TimTheTinker on Thursday February 17, 2022 @04:13PM (#30378757)
Parent comment is right about the value of a successful vault exploit. Given the number of people and companies using 1Password now, $100k would likely pale in comparison to an exploit's value on the black market.
Re:Ask HN: Why should I trust password managers? by coldtea on Thursday February 17, 2022 @05:30PM (#30379568)
>1Password vaults are encrypted end-to-end, their database would not be worth nearly that much. It's a bunch of worthless data.

Doesn't matter for our case, since it already assumes the database potentially compromisable. The parent's comment concerned whether the "bounty for capturing a flag inside a publicly available encrypted vault" is enough. So the question is not whether the bounty is enough given it's impossible to win, but whether it's enough given it might be possible to win.

In other words, whether someone who finds an exploit to decrypt the vaults contents would get a better value by (a) revealing it to 1Password company and taking the $100K bounty, or (b) selling the exploit to people who would give millions to be able to decrypt other's vaults...

Re:Ask HN: Why should I trust password managers? by jolux on Thursday February 17, 2022 @06:46PM (#30380346)
The value of such an exploit likely exceeds their valuation.
Re:Ask HN: Why should I trust password managers? by junon on Friday February 18, 2022 @09:42AM (#30386270)
I think you misunderstand how 1password vaults works.