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WabiSabiLabi founder arrested, in custody of Italian authorities

"Italian authorities are holding the founder of WabiSabiLabi, an eBay-like online marketplace for buying and selling zero-day vulnerabilities.

However, the arrest of Roberto Preatoni, reportedly on charges related to a well publicized Italian spying scandal, has not affected the organization's day-to-day operations, according to a statement released by the Switzerland-based group.

WabiSabiLabi confirmed in the statement that Preatoni had been arrested, but said it could not comment on the case. According to press reports, Preatoni has become involved in a corporate spy scandal along with a group of penetration-testing employees at his former company.

“From newspaper reports, we presume the arrest relates to events in 2003-04 when his former company was hired by Telecom Italia's security division to safeguard Italia's interests and are unrelated to WabiSabiLabi in any way,” the organization said Thursday in a statement. “Roberto Preatoni is well known for his terrific contribution to information security and civil liberty (sic) and we are confident that his innocence will be established if a case ever comes to court.”"

Article Link: http://www.scmagazineus.com/WabiSabiLabi-founder-arrested-in-custody-of-Italian-...

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