Security Researchers, Microsoft Is Offering $250,000 In Prizes In The BlueHat Prize Contest

Today at the Black Hat security conference Microsoft announced the $250,000 Microsoft BlueHat Prize contest specifically for researchers who develop defensive security technologies that deal with entire classes of exploits.

WHAT IS THE CONTEST?
The inaugural Microsoft BlueHat Prize contest challenges security researchers to design a novel runtime mitigation technology designed to prevent the exploitation of memory safety vulnerabilities. The solution considered to be the most innovative by the Microsoft BlueHat Prize board will be presented the grand prize of US $200,000.

Important information:

• Entries will be accepted and must be received by email to bluehatprize@microsoft.com between August 3rd 2011 to midnight Pacific Time on April 1st 2012.
• The winning entry will be announced at Black Hat USA 2012.
• For full details, see rules and regulations.

The Payout!

• First prize: $200,000 (USD)
• Second prize: $50,000 (USD)
• Third prize: MSDN Universal subscription valued at $10,000 (USD)

For more details checkout Microsoft's press release and the BlueHat Prize website