Version Kaus Australis
Lecture: 500.000 Recalled Pacemakers, 2 Billion $ Stock Value Loss
The Story Behind
During an independent security assessment of several pacemaker vendors multiple lethal and highly critical vulnerabilities were found. Based on previous experience with one specific vendor a new way of monetising vulnerabilities has been chosen. After going public a huge discussion on vulnerability disclosure ethics and responsibilities began. The stock value of the affected vendor dropped by 2 billion dollar just in one single day. The security researchers got discredited and a huge lawsuit was started. After a year of mutual accusations and denial more than 500.000 pacemakers got recalled. This talk will provide insights into pacemaker security and share first-hand experience gathered during this project. A special focus will also be on ethical vulnerability disclosure and lessons learned for future security research.