The effort put into the program outweighs the benefits

Aug 19, 2013 06:33 GMT  ·  By

IT security company Secunia has decided to discontinue its Secunia Vulnerability Coordination Reward Program (SVCRP).

According to the company, the SVCRP has helped a large number of companies and researchers over the past two years. However, the program doesn’t seem to be profitable for Secunia.

“Our decision to discontinue the program after all, is because Secunia, as a commercial organization, must assess our initiatives continuously,” Kasper Lindgaard, head of research at Secunia, wrote in a blog post.

“The decision to end the SVCRP is based on the conclusion that the amount of time and effort we put into the program, outweighs the benefits to our own organization. This discrepancy unfortunately means that we cannot warrant the continued investment into maintaining the SVCRP,” he added.

Secunia is no longer accepting any new submissions to the program. However, all submissions received before August 16, 2013, will be processed.

While a large number of organizations appreciated the SVCRP, not everyone agreed with Secunia’s decisions. For instance, last month, Secunia got into an argument with the developers of the VLC media player.