Quis custodiet ipsos custodes?
Who watches the watchmen? When a vice president of a corporation who is supposed to be in charge of security processes violates the trust of clients, who is watching upon him?
Nelson “Halvarez” Brady is not necessarily a bad person. In fact, most people who met him or otherwise engaged in business relationships with him, paint him in the best light possible; they speak of a pleasant, non-arrogant guy who listens and attempts to establish long-standing business relationships.
In August of 2005, I exchanged a handful of emails with Nelson Brady, after I discovered a security hole in the way Snapnames managed the newly caught domains. Brady was grateful for my contribution and the issue was fixed. Little did I know that at a month earlier, Nelson Brady was emptying my wallet as “Halvarez” by driving up a Snapnames auction to the $2,300 I had to pay for that particular domain.
Nelson Brady violated the trust of others and engaged in activities that now appear to be causing an aftershock tsunami that is far from slowing down. When the waves hit the domain shores, the impact will be tremendous to an industry that for years now is deemed as the Wild West; unregulated and an open field to entrepreneurs and investors.
At the same time, the domain industry is wide open to those that exploit its vulnerabilities in a manner that is unethical, unlawful and provoking.
So who is watching the watchmen?
Who is watching indeed. Hard to have faith in these companies when things like this happen. I personally wonder about the timing of the announcement. Was it about to leak? TBD.
The best way to deliver bad news is right up front – after the damage has been assessed. In other words, we are about to find out the results of the infamous “forensics expert” maybe tomorrow.
yo acro,
problem is the ‘forensics guys’ a.ka. rust agency are on the payroll
needs to be special fraud unit in the miami police department poring over their documents and computers
cheers
Sorry to hear that your bidding was messed up too. This shill bidding has been suspected for a long time, but consumers never had a means of clearly exposing it. That was entrusted to company owners, or fox watching the hen house.