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Cisco declares bounty on Internet of Things security problems

$300,000 on offer for the best innovation
Mon Mar 03 2014, 15:33
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NETWORKING HARDWARE COMPANY Cisco has leant its support to the Internet of Things (IoT) with a security competition.

The "Internet of Things Grand Security Challenge" will be offering prizes of up to $300,000 for innovations designed to close security loopholes surrounding internet-connected objects.

Because the IoT is a loose concept rather than a standard or protocol, the criteria for the solutions are quite far reaching, with a Cisco blog post citing that it will evaluate entries based on:

  • Feasibility, scalability, performance, and ease-of-use
  • Applicability to address multiple IoT verticals (manufacturing, mass transportation, healthcare, oil and gas, smart grid, etc.)
  • Technical maturity/viability of proposed approach
  • Proposers’ expertise and ability to feasibly create a successful outcome

We now live in a world where even the most benign objects are hackable and the numbers of devices involved will only increase, so it therefore will become imperative that the interconnectivity involved does not overstep boundaries of safety or privacy.

Sierra Wireless recently launched Legato, a Linux distro specifically engineered for the IoT, which actually plays up its capacity for gathering Big Data. Meanwhile the IT industry continues to be excited about the IoT with Intel claiming it will be the next major disrupter in tech.

Winners of Cisco's security challenge will be announced this Autumn at the Internet of Things World Forum, with six prizes of between $50,000-$75,000 up for grabs, as well as the overall winner's $300,000 bounty. µ

 

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