Marketplace for security exploits and vulnerabilities.

In just two months the IT security vulnerabilities marketplace launched by WabiSabiLabi (WSLabi) that encourages security researchers to sell their findings in an open marketplace to legitimate organisations, big or small, exceeded all expectations with over 150 vulnerabilities submitted. IT security experts have jumped at the opportunity to sell their research in a safe environment to an eager and ready audience of vetted buyers prepared to pay a fair price to get their hands on the latest IT security vulnerabilities.

The site has had an 160,000 unique visitors to the marketplace. Visitors to the marketplace include enterprises, government departments and software vendors who are big players in the IT Security sector that are keen to see what vulnerabilities are coming onto the marketplace in order to stay ahead of the game.

Of the applications WSLabi has received from potential buyers to have access to the marketplace only two thirds have passed the thorough vetting process. Applications are rejected if the potential buyer has not passed all stages of the vetting process, this could include not supplying the adequate documentation, not providing suitable proof of ID or not belonging to a bone-fide organisation. Once registered and vetted, buyers can bid, buy exclusively or 'buy it now' depending on the purchase options the researcher has made.

www.wslabi.com