On: Apple Confirms $1M Reward for Anyone Who Can Hack ...

[thehesiod]

I'd like to see what what prevents double dipping, first report to unethical places, wait a bit, then report to Apple.

[mkl → thehesiod]

I think that's why the amount is so high. If you sell it for less to bad guys, someone else might find the same exploit (or a connected one) and swoop in and claim the big amount from Apple, and you lose out.

[Gaelan → thehesiod]

According to other comments here, the unethical places spread payment over a period of time; payment stops if it gets patched.

[g-harel → thehesiod]

The longer you wait, the more likely it becomes that someone else figures it out too!

[chias → thehesiod]

These unethical places would of course never consider reporting the bug to Apple to get a million dollar rebate on their purchase price... that would be unethical.