WabiSabiLabi explained

WabiSabiLabi
Type:Online marketplace
Industry:Cybersecurity
Predecessors:-->
Founder:Roberto Preatoni
Successors:-->
Areas Served:-->
Key People:Herman Zampariolo
Owners:-->

WabiSabiLabi or WSLabi was an online marketplace selling computer exploits in an auction format. The company claimed that security researchers who disclosed vulnerabilities to software vendors would be more fairly compensated for their work by selling on the trusted platform.[1] However, only a year after opening the marketplace, the company was considering shutting it down due to lack of paying customers. The company was considering moving to a subscription service to more adequately compensate security researchers.[2] Customers who purchased exploits included the companies Verisign and 3Com. Founded in July 2007, a cofounder was arrested on spying charges in November of that same year.[3] [4] [5]

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Notes and References

  1. Web site: Lemon . Sumner . 2007-09-25 . WabiSabi Labi aims to be more than an eBay for zero-days . 2022-03-29 . Computerworld . en.
  2. Web site: Lemon . Sumner . 10 October 2008 . WabiSabiLabi may close 0day auction site . dead . https://web.archive.org/web/20081202111314/http://www.networkworld.com:80/news/2008/103008-wabisabilabi-may-close-0day-auction.html . 2 Dec 2008 . 28 March 2022 . NetworkWorld.
  3. 2007-08-01 . News: WabiSabiLabi launches vulnerability market . Network Security . 2007 . 8 . 1–2 . 10.1016/S1353-4858(07)70068-5 . 1353-4858.
  4. Web site: McMillan . Robert . 2007-11-06 . WabiSabiLabi founder arrested in Italy . 2022-03-29 . Computerworld . en.
  5. Web site: 2008-08-30 . eBay-like marketplace for vulnerability exchange opens - SC Magazine US . 2022-03-29 . https://web.archive.org/web/20080830061945/http://www.scmagazineus.com/eBay-like-marketplace-for-vulnerability-exchange-opens/article/35142/ . 30 August 2008 . dead.