'We know about that bug'
But the bug was still there!
Ok I believe you this time... Not.
Yahoo! has paid a bug bounty to security researchers who found a bug that “allowed any @yahoo.com email account to be compromised simply by sending a specially crafted link to a logged-in Yahoo! user and making him/her clicking on it.” But the bounty was just $US12.50 and came in the form of a voucher that could only be spent in …
Equals a months worth of eating out at a noddle bar in many rural Chinese cities, towns and villages.
But, yeah, it stinks.
BTW, my Yahoo account was hacked earlier this year, despite the fact I hadn't actually USED it, or logged into it for at LEAST 8 years. (Set it up to forward mail to a gmail account - lol)
Please do not take offense - I do not work in the industry but I've been curious about this. I presume that the "security researchers" who do this type of work derive their primary income from some means other than these bounties, similar to the way police officers get paid for extra duties performed off hours (such as providing security at concerts). If this is the case, nobody will bother doing this type of work for Yahoo! anymore, which is a problem for Yahoo! and their users. No big deal for everyone else.
On the other hand, saying that one can be remunerated better on the black market is like saying that it's cheaper to steal food rather than pay for it, and that if grocers don't lower their prices accordingly, people may as well just steal their food. It may be true, but that doesn't make it legal or moral.
One difference : people have to eat, they do not have to look for bugs for Yahoo!.
Another difference : grocers are not paying people to come buy their wares.
Please do not take offense, but your grocer analogy is wrong on just about every level. That said, I do believe that it is rather difficult to make any kind of analogy with the Internet Security scene, because it is the only "market' in the world where people can work for a company without obligation, a contract or any legal framework.