Report: iOS vulnerability sold for $250,000
The H-Security: Business appears to be booming for those who trade in unpatched (zero-day) security holes: according to a report by Forbes magazine, a US company that works for the US government recently paid $250,000 for a vulnerability in Apple’s iOS operating system. The report says that the deal was arranged by a hacker who goes by the name of “the Grugq” and who has brokered agreements between those who discover vulnerabilities and government agencies over the last year. If negotiations are successful, the hacker retains a 15 per cent commission; he’s reportedly on track to earn about a million US dollars this year with his brokerage business. ...