Summary * A major cybersecurity breach by a China-backed hacker group infiltrated the US wiretap system, exposing critical infrastructure for months, highlighting the dangers of zero-day vulnerabilities. * We discuss the strategic dilemma that governments face when managing zero-day vulnerabilities and how it sets the stage for a precarious cyber landscape for many years to come. * We discuss keys players that helped tackle zero-day vulnerabilities in the 2010s and how the industry evolved t