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RealTime IT News

Black Hat Is Back

TippingPoint, a unit of 3Com , launched what it called Zero Day Initiative, which rewards security researchers for informing the company of any security bugs.

Announced at the Black Hat Security conference taking place in Las Vegas this week, the program is designed to extend its research organization and tap into the best security minds in the business.

The company did not say how much it will pay for flaws.

"This program will extend our research organization even further, and enable us to tap some of the brilliant minds in the global security research community," David Endler, director of security research at TippingPoint, said in statement.

Not to be outdone, security intelligence company iDefense increased its offer to hackers who want to sell details of software vulnerabilities.

Both security groups are hoping the initiatives lead to prompt information about vulnerabilities in their software, and just as importantly expect the move will prevent the exploits from going public before they can be remedied.

BindView, a provider of IT security compliance solutions and a lead sponsor of the event, showcased its spectrum of IT security compliance solutions.

"Security breaches are on the rise, threatening corporate reputations and shaking customer and shareholder confidence," Chris Smith, BindView vice president of field marketing, said.

Mark Loveless, a senior security analyst on the RAZOR Research team at BindView, said: "Security and compliance are top-of-mind concerns, particularly as organizations strive to balance protection and management of regulatory requirements under a single umbrella."

Black Hat is a technical event for IT security specialists that profiles next-generation theories and threat analysis and delivering techniques and an understanding of legal and policy frameworks.

"The research presented at the Black Hat Briefings USA 2005 will provide visionary insight into technologies and methodologies affecting IT security for years to come," Black Hat CEO Jeff Moss said in a statement.

The Black Hat briefings, of which there are 60 scheduled, are designed to foster peer-to-peer communications and networking opportunities for IT security professionals, with presentations by security experts and underground IT security specialists, according to Moss.

The event will run through Thursday.