Federal encryption legislation and the market for zero-day vulnerabilities

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Last month, the FBI said it will not publicly disclose the method that allowed it to access a locked iPhone used by one of the San Bernardino attackers.

The agency paid gray hat hackers more than a million dollars for a software vulnerability, but the bureau says it did not purchase the rights to technical details about how that method functions.

Yong-Gon Chon, CEO of Cyber Risk Management Companies, discussed federal encryption legislation and the market for zero-day vulnerabilities with Government Matters.