On August 25th MedSec and Muddy Waters disclosed vulnerabilities in aSt. Jude Medical implantable cardiac devices. These are serious vulnerabilities identified by MedSec and shared with Muddy Waters in an effort to get the problem fixed.
Disclosures of ICS vulns is not new, but what makes this unique is MedSec will likely be paid if the St. Jude stock price goes down ("MedSec is receiving compensation related to investment profits from the funds Muddy Waters manages"). Muddy Waters shorted the stock and was predicting up to a 50% decline in revenues for the next two years due to recalls and remediations.
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