Extortion and Cooperation in the Zero-day Market

Explore the dynamics of zero-day vulnerability markets in this 36-minute conference talk from the Hack In The Box Security Conference. Delve into game theory analysis of extortion and cooperation in zero-day trading, examining strategies to maximize profits, avoid exploitation, and potentially extort unwitting participants. Gain insights on achieving market efficiency without trusted third parties, discouraging buyer defection through punishment, and sustaining cooperation in anonymous settings. Learn about the emergence, sustainability, and breakdown of cooperation in these secretive markets. Discover how to navigate the inherent challenges of time-sensitive commodities, trust issues, price fairness, and defection risks in zero-day vulnerability trading.