Pwn2Own wraps with nearly $1m paid out to ethical hackers

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Pwn2Own wraps with nearly $1m paid out to ethical hackers
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Pwn2Own contest concludes with nearly $1m paid out to ethical hackers

Pwn2Own paid out almost $1 million to bug hunters at last week's consumer product hacking event in Toronto, but the prize money wasn't big enough attract attempts at cracking the iPhone or Google Pixel because miscreants can score far more from less wholesome sources.

"We talk to people across different sectors as far as the bug economy goes, and some of the things that we've heard is to get a zero-click iPhone exploit, the price can go up to $15 million." ZDI has hosted the vendor-agnostic bug hunting event for 14 years, and it became part of Trend Micro when that security vendor acquired the bug-hunting biz in 2015. There's now three separate Pwn2Pwn events each year with a focus on different classes of products: consumer, enterprise and industrial control systems.

Then the vendor is brought in so the researchers can disclose the bug, and at that point the clock starts ticking down for the manufacturer to fix the issue. Pwn2Own has a 90-day disclosure policy, and during that time"we expect them to either produce a patch or we disclose more information about it on our website. The bugs absolutely do not stay hidden," Childs said.

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