iDefense ups the bidding for bugs

Security intelligence company iDefense has sweetened its offer to hackers who sell it details on new software vulnerabilities. The change comes one day after rival TippingPoint started to offer rewards for pinpointing bugs.

Both companies are vying to be the first to know about security vulnerabilities in other companies’ products. The payouts are used to gain a competitive edge over rivals by having their products recognize more vulnerabilities that may be exploited in attacks by cybercriminals. IDefense was acquired by VeriSign two weeks ago. Full Story

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