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The pricing on these bug bounties always blows my mind. If this hack had been exploited Tesla market capitalization would've taken a multi-million if not billion dollar hit. And here they are, paying out relative chump change to a guy that alerted them to it. |
But that's the point. Who's out there that would exploit this because they thought $50,000 wasn't worth it, but would change their minds for $1,000,000?
Realistically there's only two types of people who would maliciously exploit something of this magnitude: the mentally unstable (people who just like to cause chaos), and state-sponsored actors attempting to disrupt other nations. Neither of those groups seem particularly likely to change their mind for an extra zero or two.
The "pay more than the black market will" model works for smaller bugs, but for ones like this that would immediately get every three letter agency on the planet trying to find you, the $50,000 isn't a valuation of the worth of that bug report, it's a gratuity. And for the average bug reporter, that's an extremely nice one.
Can they pay more? Yes, absolutely. Should they? Probably, yeah. Do they have any reason to? No.
The solution to this is to have legal requirements for security, and extremely heavy fines for having released dangerous software (some portion of this fine financing a similar bug bounty program). Take the option of how much money to hand out away from the companies, and they'll be incentivised to take security much more seriously in the first place.
Of course, this requires lawmakers to have a basic understanding of technology, so we're at least 20 years and 3 major catastrophes away from getting anywhere near that actually occurring.