Microsoft confims to fund Blue Hat hacking competition

As any Jedi knight knows, the temptation to turn to the Dark Side is difficult to resist. The same can be true for White Hat hackers, malware fighters who discover vulnerabilities in software.
The black market prices for those kinds of security flaws are tantalising to ethical hackers. Microsoft wants to temper those temptations though, and has announced a contest that offers more than $250,000 in prizes for developing better solutions to counter security threats.
Microsoft's "BlueHat Prize," announced by the company at the Black Hat security conference, offers a grand prize of $200,000, a runner-up purse of $50,000 and a third-place award of a one-year subscription to MSDN Universal to security researchers who design the most effective ways to prevent the use of memory safety vulnerabilities.
Those kinds of vulnerabilities can create problems like buffer overflows that can be exploited by miscreants to compromise computers.
“As the risk of criminal attacks on private and government computer systems continues to increase, Microsoft recognises the need to stimulate research in the area of defensive computer security technology," said Matt Thomlinson, Microsoft’s General Manager of Trustworthy Computing Group.
“Our interest is to promote a focus on developing innovative solutions rather than discovering individual issues," Thomlinson continued. "We believe the BlueHat Prize can catalyse defensive efforts to help mitigate entire classes of attacks."

Top experts needed

In offering the prize, Microsoft hopes to attract the world's top experts to focus their "little grey cells" on a major security problem. “Microsoft wants to encourage more security experts to think about ways to reduce threats to computing devices," observed Katie Moussouris, senior security strategist lead for the Microsoft Security Response Center.
“We’re looking to collaborate with others to build solutions to tough industry problems," she added. "We believe the BlueHat Prize will encourage the world’s most talented researchers and academics to tackle key security challenges and offer them a chance to impact the world."

The origin of the concept

According to Microsoft, it got the idea for the BlueHat prize from a previously launched security information sharing programme. That initiative, the Microsoft Active Protections Program, allows Microsoft to share information with security vendors around the world so they can release protection technologies to their customers much faster. The success of that project got Microsoft thinking about mounting a similar effort for the security research community.
One vendor with praise for BlueHat was Adobe, a company that's no stranger to software with vulnerabilities. “The Microsoft BlueHat Prize announced at Black Hat is an exciting new initiative and a great example of encouraging community collaboration in the defense against those with malicious intent," observed Adobe's Senior Director for Product Security and Privacy Brad Arkin.
“This call for entries promises to stimulate research activity within the broader security community on how to mitigate entire classes of attacks, rather than thinking about software security as a challenge best addressed one bug at a time," he continued. "This research has the potential to lower costs for third party developers and increase the level of security assurance for end users."
Here are the official rules and guidelines for the competition.
Contest submissions will be accepted until Sunday, April 1, 2012, Microsoft said. A panel of Microsoft security engineers will judge submissions based on the following criteria: Practicality and functionality (30 percent), robustness including how easy it would be to bypass the proposed solution (30 percent) and impact (40 percent).
The winners will be announced at the Black Hat conference in 2012.