Turns Out You Can’t Call a Ransomware Event a Bug Bounty - News Summed Up

Turns Out You Can’t Call a Ransomware Event a Bug Bounty


What Happens When a Breach Gets Labeled a Bug Bounty? Sullivan had negotiated with the hackers to pay them what he termed a “bug bounty” of $100,000, and kept those meetings secret to himself and a very few others. Uber was already being investigated by the FTC on a similar 2014 breach but was about to be cleared when the recent event occurred. Both sides will be able to submit sentencing recommendations to a judge, who will also take into account Federal Sentencing Guidelines and an investigation into Sullivan and his background done by court services. Sullivan had multiple opportunities to reveal this act for what it was, and not cover up the matter by calling it a “bug bounty”.


Source: Forbes October 12, 2022 14:34 UTC



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