Software giant Microsoft has announced a new contest for security researchers to come with security mechanism that will protect Windows from virus attacks.
The company announced the BlueHat Prize at the on-going BlackHat security conference in Las Vegas. Microsoft is offering a grand prize of $200,000 for the security researcher who comes first while the runner-up will get a $50,000 reward.
Microsoft said that the winners of the contest will be announced during the next Black Hat security conference a year later.
Researchers will own the intellectual property of the mechanisms they build and Microsoft will be able to use the tools in a royalty-free program.
Google and Mozilla already offer cash money to security researchers who discover bugs on their web browser. Even Facebook has started a bug bounty program. However, Microsoft claims that the BlueHat Prize is much more than a bug bounty program. It is encouraging developers to come with new ways to block malware and protect users.
“The Microsoft BlueHat Prize contest is designed to generate new ideas for defensive approaches to support computer security,” the company said in a statement.
”As part of our commitment to a more secure computing experience, we hope to inspire security researchers to develop innovative solutions intended to address serious security threats.” it added.