1. Disclose to Microsoft for $40k
2. Disclose to an intelligence agency for several times that
3. Disclose to criminals for several times that, in turn
The incentives are now publicly known to be misaligned, and as a potential Azure customer, I have to contend with the simple reality that a significant number of vulnerabilities will be exploited rather than reported.
$40k doesn't even come close to covering engineer time here. This should be a $1M payout.