When in doubt, people, call your attorney.
More easily, my profile on my firm's website: lawyernamedliberty.com. I'm fairly easy to get in touch with.
Oh, new bank? Just assume it's your bank, and do whatever you would do next.
Hm, I recall the Comodo hack. I think it Comodo was hacked twice or more times that year. It won many rewards and continued leading the CA space. The market did not work apparently...
The other end are buyers. Most of them don't know what to expect for security or how to evaluate it. Most attempts to solve this failed. They've been conditioned to expect constant hacks, crashes, or data loss. So, they see Comodo etc get hacked and shrug. They'll usually stay if their end of whatever they bought works. The sector that will pay for highly reliable or secure software is probably under 1% of the market or projects. It's enough companies keep forming to do real thing but tiny, tiny few struggling to justify the extra costs or less features necessary for higher security.
Although I guess it could help align customer and business goals, since no one wants to lose money
If you short it, at least you might make some money to offset any pending lawsuit. There's plenty of examples of people doing the same thing to fall back on, such as the guy who found out a newly listed company wasn't actually real.
It's public information.
Now if someone who works at the bank had told you about it, you'd be in a lot of trouble.
I'll admit that viewing the source code and noticing this link would be a stretch, but I wouldn't necessarily expect it to be a slam dunk for the researcher, especially if he had assented to the site's ToS (and since he had an account, it seems that he had).
At this point, I imagine he could be in all sorts of (primarily civil) trouble for the disclosure that he just made. He may be protected under some type of financial whistleblower law, but I wouldn't hold my breath.
BOOM! And they've been harsh on hackers for a long time. So, the vulnerability must not require violating access controls or system integrity to be safest. Hackers should be in the clear if it was simply noticing something in HTML/HTTP or whatever that indicated insecurity. An example might be a breakable cipher-suite or handling sessions improperly.
1. conspiracy to access a computer without authorization
2. fraud in connection with personal information
This is because Goatse Security not only noticed the vulnerability itself, but because they wrote and executed a script called the "iPad 3G Account Slurper" to iterate over ICC-IDs, returning the associated email address for each one.
Executing the script against AT&T's servers probably is a bona fide violation of the CFAA, not just a conspiracy, but I would guess it's simpler to bring the conspiracy charge since you don't have to get into the nitty gritty of actual requests made, etc.
According to the complaint, they proceeded to email a handful of notable people whose emails had been harvested, including someone on the Board of Directors at News Corp. All of these contacts appear to be media outlets. The Gawker article also lists some of the people whose email addresses were extracted this way (without disclosing their emails).
I'm assuming this direct communication to journalists and/or execs at journalism outlets gives rise to the fraud with personal information charge.
Overall, I don't think that weev did anything that I wouldn't have necessarily have done if I were in that situation (trying to drum up attention and make a name for his consulting firm), but it's different from this disclosure because as far as we know, this researcher did not actually exploit the vulnerability and he has not obtained or disclosed any information from doing so.
Again, not a lawyer.
But would this case with the bank be different because the vulnerability, unlike formaledehyde, could be actively exploited? Encouraging a stock price to fall because of bad practices seems alright (like the LUmber Liquidators example), but if in the process you become an accessory to smaller-scale fraud against individual account owners, is it still "alright"?
That said, technical glitches tend to not affect the fortunes of companies nearly as much as we (the HN crowd) think. Tradeking had the glaring vulnerability outlined in this article for years, and they are doing just fine.
I think the point I'm getting hung up on is that the bank's stock price could drop for two reasons: bad PR due to the glitch, and/or falling financials due to fraud perpetrated as part of the glitch. I can completely understand a hedge fund trading and making money off the bad PR. But if (hypothetically) the bank lost a ton of money by hackers liquidating user accounts or, worse, making leveraged bets [before everyone checked for that sort of thing ;)], and the hedge fund knew there was a reasonable chance that the malicious activity would occur based on the newly disclosed information, would they have liability there? (from the theft/fraud perpetrated against the bank, not the drop in stock price)
But general public disclosure of a vulnerability, and/or trading on the anticipated effects of public disclosure, is not illegal. It likely won't win you friends in the IT community, but it falls short of an indictable offense.
Before writing his blog-post, he short-sold a bunch of Lumber Liquidator stock and made tons of money during the fallout.
I don't have a problem with MedSec making money by shorting St. Jude's stock (that seems to align incentives to take care of security issues as early as possible). But if MedSec publicly disclosed specific, exploitable vulnerabilities (I'm not sure about specifics from the article), they shouldn't be able to hide behind the "doing what is best for the consumer" argument. It's definitely a clever business hack, and that's alright, but the fake sense of moral superiority isn't.
A company discovered vulnerabilities in some medical devices, then shorted the stock of the company before disclosing them.
I'm a happy user of N26. I very, very highly recommend it to all european customers. I'm never dealing with shitty bank service again. https://n26.com/ (Email me if you want a referral invite).
C-mp-t-rsh-r-: your website's trash and you should be embarrassed with yourselves.
It's people like you who keep companies like that in business and encourage such atrocious activity.