22C3 - 2.2

22nd Chaos Communication Congress
Private Investigations

Rainer Böhme
Day 2
Room Saal 2
Start time 18:00
Duration 01:00
ID 801
Event type Lecture
Track Science
Language English

Vulnerability markets

What is the economic value of a zero-day exploit?

What is the market value of a zero-day exploit?

It is evident that information on vulnerabilities and information security threads is very valuable, but the market for it is neither structured nor liquid. This talk combines examples from real world information security business with academic arguments on the pros and cons of vulnerability markets, including vulnerability sharing circles, bug auctions, remote root derivatives, and cyber-insurance.

Would we live in a more secure world if every geek could go and sell his exploit at the market price? How could this market eventually be organised? What are the incentives of market participants and where are dangers for conflicts of interest? Join us on a journey to a hypothetical world where information security is entirely melted into finance so that S&P quotes a daily kernel hardness index …

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