FTC sets $25,000 prize for automatic IoT patching

The U.S. Federal Trade Commission is scheduled to announce Wednesday a “prize competition” for a tool that can used against security vulnerabilities in internet of things systems.

The prize pot is up to $25,000, with $3,000 available for each honorable mention. The winners will be announced in July. The announcement is scheduled to be published Wednesday in the Federal Register.

The tool, at the minimum, will “help protect consumers from security vulnerabilities caused by out-of-date software,” said the FTC.

The government’s call for help cites the use of internet-enabled cameras as a platform for a Distributed Denial of Service (DDoS) attack last October. Weak default passwords were blamed.

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