Informing a Company of a Security Discovery?
An anonymous reader asks: "I recently found a major security flaw through serendipitous independent research. I do not want to go into details, but it could be used against certain companies and have a large negative financial impact. However, I have no wish to use this for malicious purposes, and would rather profit by helping the company fix the problem. Seeing as many researchers have been persecuted/prosecuted lately for public disclosure, what is the best way to go about informing the company and agreeing on an appropriate fee for my services, without having it look as though I am trying to extort them?"
Give up on the idea of profitting from this directly. You're likely to make more profit by developing a reputation as a serious and reliable researcher who can help companies to shore up their defense, rather than as a gray-hat who trawls for companies with security flaws looking for a payoff.
You say there are several companies involved. Research them a little, and approach the one that looks most likely to offer you gratitude rather than a lawsuit, and ask who you should inform of a vulnerability you've discovered. GIVE THEM THE INFORMATION FIRST. After you've given them the information, you can let slip that you're looking for security consulting work. As long as you aren't holding out the information - as long as you give them the warning and all the data you have on the vulnerability BEFORE you mention the idea of providing services for pay, you're not committing extortion. Also, don't mention that other companies have the vulnerability or suggest that you're going to approach them, that might look like a shakedown, too (they might think you're offering to NOT warn the other companies if they pay you, and that, too, could be seen as extortionate). Repeat this, carefully, with other companies if you're sure they won't sue you for your trouble, never letting any one company know that the others have the vulnerability or that you are/might be doing business with them.
Next, write up the vulnerability as a research paper. Wait until you've heard back from all of the companies you contacted that they've fixed the vulnerability, but do not mention money in connection with publishing the vulnerability; otherwise, give them six months after your first contact before submitting it to a research journal. When you do publish the vulnerability, only mention companies if it is absolutely necessary: for instance, if it's an Apache vulnerability, you need to mention Apache, but don't need to mention a company using Apache; if it's an IIS vulnerability, you need to mention Microsoft, but not a company using IIS.
Understand that you may not get a job offer right away. The key is to treat the whole thing as a scholarly pursuit for which you DON'T expect to get paid. If you smell like some punk trying to pry money away from a bunch of companies, they'll treat you as a criminal; if you behave like a scholarly researcher who's just out to learn about and publish on the subject of security, they'll treat you as a potential resource: and most companies understand that resources cost money.
One more thing: you might want to talk to a lawyer first. That way, it's on the record that you were trying to get the information out to the proper parties, but saw profit as a potential side effect, not your primary motivation. It's also on the record that you found the vulnerability first. A lawyer might help you to determine which companies it is and isn't safe to contact. I know that means spending some money, but it's better than ending up in federal you-know-what prison because some Chief Security Officer decided that you were trying to blackmail him.