Hungarian start up says 'crack our military-grade encryption and we'll give you 5% of our firm'
Vulnerability testing is commonplace these days, and a lucrative business for some, but a Hungarian biz is offering an unusual prize for anyone who manages to crack its email encryption system – a five per cent stake in the company.
The upstart, MySecureZone, has spent the last 22 months potting together a browser-based encryption system for email, instant messaging, VoIP and VPN traffic that it claims is bulletproof. In the case of email, for example, messages are encrypted and then sent to the firm's servers in Switzerland and Luxembourg, after which the recipient can pull them down and read them using a passphrase agreed with the sender.
"The goal of our company is to help people protect their online privacy and to bring the highest grade user-friendly IT security to the public. For ultimate security, our system rests on the strong foundations of open source," said Istvan Balazs, MySecureZone's CTO.
