A pot of $250K is now available to ransomware researchers, but it feeds a commercial product
Security researchers focusing on ransomware now have a chance to earn up to $10,000 per report through a new initiative designed to combat extortion tactics in the cybersecurity field. Halcyon, a ransomware prevention firm, has launched the Threat Research Incentive Program (TRIP), backing it with an initial fund of $250,000.
Key Points
- The TRIP incentivises researchers to submit ransomware-related intel, rewarding them up to $10,000 for critical information.
- Halcyon plans to use most intel submitted to enhance its proprietary anti-ransomware technology rather than for public distribution.
- Submissions are organised into four tiers; Tier 1 pays the most for detailed intel on ransomware groups and operations.
- Researchers must affirm independent status and cannot be involved with ransomware groups to qualify for rewards.
- Payouts are provided through traceable channels, ensuring compliance and security in transactions.
Why should I read this?
If you’re even remotely interested in cybersecurity, this article spills the tea on a bold move that could change the game for researchers combating ransomware. With a hefty pot of cash on the table, it highlights both the financial reward for critical intel and the ongoing battle against these malicious actors. It’s a no-brainer to stay informed on this evolving landscape in security — we’ve read it for you, so you’re ahead of the curve!