Wall Street is getting into bed with hackers in a lucrative new arrangement

Cybersecurity researchers have always had an unspoken truce with companies. When hackers find a problem, they typically report it to the company to give them a chance to fix it before going public with it. This often leads to ‘bounties’ the company pays out for spotting the vulnerability and giving them time to fix it, although not always. A cybersecurity firm called MedSec just found a new way to monetize its research — Wall Street. MedSec is foregoing the traditional approach by selling information directly to a short-seller called Muddy Waters Research. The investment firm then places bets in the…

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