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Cisco Offers $300,000 Prize For Internet of Things Security Apps 62

Posted by samzenpus
from the pay-me dept.
alphadogg writes "Cisco today kicked off a contest with $300,000 in prize money that challenges security experts around the world to put together ways to secure what's now called the 'Internet of Things,' the wide range of non-traditional computing devices used on the electric grid, in healthcare and many other industries. A Cisco SVP concluded his keynote at this week's RSA Conference by announcing what he called the 'Internet of Things Security Grand Challenge.' Christopher Young said the idea is 'a contest of experts around the world to submit blueprints' for how security issues created by the Internet of Things could be addressed. It's expected that up to six winning entries would be selected and the prize money awarded at the Internet of Things Forum in the fall."
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Cisco Offers $300,000 Prize For Internet of Things Security Apps

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  • by Anonymous Coward on Sunday March 02, 2014 @10:33AM (#46381167)

    give up on the whole "internet of things" idea as it's a loser from the get-go.

    You can donate my 300 large to the EFF.

  • by swb (14022) on Sunday March 02, 2014 @01:58PM (#46382307)

    The whole drive behind IOT isn't convenience, it's monetization of information.

    The marginal cost of a "smart" device is much more than the marginal return selling such a device on its own merits. Either you jack up the price of the device to cover the gee-whiz features or you don't, but the only reason they don't is because they have figured out how to sell this info to someone else.

    The Nest is a great example. I think the last 7 day programmable thermostat I bought might have been $50; the Nest is $249 from their online store. What, exactly, does the Nest do that my Honeywell model not do for $200? It may be able to vaguely predict occupancy and make adjustments, but the "dumb" Honeywell model pretty much covers this -- we get up, we leave the house, we come home, we go to bed at about the same time. There's so few use cases where automagic adjustment would make any sense (and many where it wouldn't work).

    A smart fridge is one where there's almost no use cases that don't involve product/marketing tie-ins -- selling my use of tagged products to marketers.

    The only way you're going to get IOT is if you either pay the freight for the intelligence or let the device sell your info.

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