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Proposed: a Bounty for Bugs
Mark Rasch, 2003-11-10

Instead of paying hard cash to punish computer criminals, vendors should reward grey hat hackers for responsibly finding and reporting the security holes that make cyber attacks possible.

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Proposed: a Bounty for Bugs 2003-11-11
Anonymous
There is already a system simular to this (adleast for the greyhat hacker) It's the iDEFENSE vulnerability contribution program.
though iDEFENSE pays the hackers.
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