Here’s a different idea for using online auctions. A Swiss company is auctioning off software vulnerabilities to the highest bidder which is raising many an eyebrow. From the Washington Post article:

Vulnerabilities that could be sold on the site range from those present in hardware that supports critical information infrastructure — such as Internet routers — to flaws in common desktop applications, such as Web browsers, instant messenger and e-mail programs. In many cases, the flaws could be exploited by criminals to gain control over home computers or business networks, giving them access to sensitive information.

What’s scandalous, say some security experts, is the idea that the company can be sure that it is not selling instructions for breaking into computers and networks directly to the criminals most likely to use them.

Wobby Sobby Lobby claims that they are screening the purchasers by requiring identification, bank accounts and articles of incorporation. Oooo, thats sounds fool proof! I really dont see this ending well.

Thanks to Tony P, news aggregator extraordinaire.