The client, an apparel manufacturer, commissioned an investigation to find out who was behind a spike in the short-selling of its shares and why. The investigation succeeded in identifying one hedge fund and, through a series of discreet contacts, uncovered that the hedge fund had been in contact with a finance executive whom the client had recently fired and who had turned over confidential financial data that he had removed from the company prior to his departure.
“Bug bounty” demands: legal bane or information security boon?
A “bug bounty” request occurs when a self-described security researcher contacts a company, claiming to have discovered an information security vulnerability,...