Saturday, February 2, 2013

NEWS - February 01, 2013

Kim Dotcom puts up $13,500 bounty to break Mega's system - New!

by Carol~ Moderator - 2/1/13 12:23 PM

In Reply to: NEWS - February 01, 2013 by Carol~ Moderator

Kim Dotcom puts up $13,500 bounty for first person to break Mega's security system

Kim Dotcom is so confident in the security system at Mega, the newly launched file storage service, that the New Zealand-based German is offering a bounty of €10,000 (approx. US$13,580) to the first person who breaks it.

Last week, Dotcom said that he would offer up a prize for any enterprising hackers, after the site was criticized for the way that it handles security. A Mega blog post dismissed points raised by Ars Technica and Forbes, explaining that the site will soon be boosted by new measures, including a change password feature and more, to increase the security of accounts and data.

Mega, which launched less than two weeks ago, is storing nearly 50 million files and it passed 1 million registered users after just one day online.

#Mega's open source encryption remains unbroken! We'll offer 10,000 EURO to anyone who can break it. Expect a blog post today.

— Kim Dotcom (@KimDotcom) February 1, 2013

The bounty offer is part of Mega's ongoing focus on improvement while it is in beta — "You find a bug. We fix it," Dotcom said last week, and such financial carrots are dangled by most major tech firms, albeit in a less public fashion. Facebook, Google, Dropbox and countless others provide developers with cash payments and official acknowledgements if they find bugs and issues.

Continued : http://thenextweb.com/insider/2013/02/01/kim-dotcom-puts-up-13500-bounty-for-first-person-to-break-megas-security-system/

Also:
Dotcom Offers €10,000 Reward For Breaking Mega's Crypto
Kim Dotcom's Offering a Cash Reward If You Can Smash Mega's Encryption
Kim Dotcom promises $13,600 to anyone who breaks Mega encryption

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