Venafi predicts EUR10,000 Mega bounty will be paid out

http://en.wikipedia.org/wiki/Mega_%28website%29

Enterprise security firm Venafi claims Kim Dotcom’s offer of €10,000 for the first person to crack his new Mega file storage site will be collected.

The challenge was announced through the site’s blog in response to criticism over its security procedures, including the fact there is no end-to-end encryption.

In its response to the challenge, Venafi added its own criticism, stating that - as the encryption keys are stored along with the users’ files on the system - user data was more vulnerable. Calum MacLeod, EMEA director at Venafi, said: “This bizarre and, quite frankly, less secure approach to encryption seems to be in place solely to protect Mr Dotcom from prosecution, on the basis that he and his staff cannot have any knowledge of the data that is being stored on their cloud computing servers.