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The tool, at the minimum, will “help protect consumers from security vulnerabilities caused by out-of-date software,” said the FTC.