diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index 7f4356c4..307f859e 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -111,7 +111,7 @@ mix firecracker.gen
 
 Open a GitHub issue for bugs, with the version, your environment, and a minimal
 reproduction. For anything security-sensitive, **do not open a public issue**
--- email the maintainer at <marko@harmont.dev> instead.
+-- follow [SECURITY.md](SECURITY.md) instead.
 
 You can also ask questions in the [community
 Discord](https://discord.gg/hm-dev).
diff --git a/SECURITY.md b/SECURITY.md
new file mode 100644
index 00000000..b9f691c7
--- /dev/null
+++ b/SECURITY.md
@@ -0,0 +1,68 @@
+# Security
+
+## Reporting a vulnerability
+
+Report vulnerabilities privately, through [GitHub's advisory
+form](https://github.com/harmont-dev/hyper/security/advisories/new) or by email
+to <marko@harmont.dev>. Do not open a public issue, pull request or discussion.
+
+Include what you can of:
+
+- the Hyper version or commit, and the `hyper-suidhelper` version;
+- the host kernel and Firecracker versions;
+- the relevant parts of `/etc/hyper/config.toml` (e.g. whether gRPC is enabled,
+  and how it is exposed);
+- steps to reproduce, ideally a proof of concept;
+- the impact, and what an attacker needs in order to exploit it.
+
+Reports found with automated tools, LLMs included, are welcome. Name the tool,
+and check the findings yourself before sending them.
+
+## Disclosure
+
+When disclosing a vulnerability, please keep it private. Until a fix is
+announced, I would prefer if we didn't expose a vulnerability to the public.
+
+### Credit
+
+Reporters are credited in the advisory unless they ask not to be. Hyper has no
+bug bounty.
+
+## What counts as a vulnerability
+
+Hyper assumes that an operator is not malicious. I assume that you have
+configured your BEAM cluster, postgres, any client to be safe. Hyper does
+**not** trust anything running insde a VM. I consider vulnerabilities when an
+untrusted party gets access only the operator should have. Some examples are:
+
+- **guest to host operations**: anything in a VM affecting the host or another
+  VM is considered a security vulnerability.
+- **local user to root**: an unprivileged user making `hyper-suidhelper`
+  (`native/suidhelper/`) act on protected paths, within Hyper or outside, is
+  considered a security vulnerability.
+- **API client beyond the API**: API escapes, eg. you getting `root` access
+  through the API is considered insecure.
+
+An example of a **vulnerability** is:
+
+> A VM successfully impersonated another VM, receiving its network traffic.
+
+An example of a **non-vulnerability** is:
+
+> gRPC access is unauthenticated.
+
+The latter is not considered a vulnerability, since I expect *you* and your
+cluster to control access to the gRPC cluster.
+
+## What to expect
+
+I aim to provide a response as soon as possible. I have a day-job that does not
+involve Hyper and, consequently, maybe be unable to immediately respond. I'll
+try to acknowledge a report within a couple days, and if you do not hear from
+me, open a public CVE.
+
+## Supported versions
+
+Only the [latest release](https://github.com/harmont-dev/hyper/releases/latest)
+and `main` receive security fixes.
+
diff --git a/mix.exs b/mix.exs
index 800cde02..47e56cef 100644
--- a/mix.exs
+++ b/mix.exs
@@ -125,6 +125,7 @@ defmodule Hyper.MixProject do
         "docs/cookbook/architecture.md",
         "docs/grpc.md",
         "CONTRIBUTING.md",
+        "SECURITY.md",
         "LICENSE"
       ],
       groups_for_extras: [