“I covered cloud security vendor Tresorit awhile back when they gained a bit of attention by offering hackers $25k if they could break into the Tresorit service. A few months on and the company hasn’t needed to front up with any of that cash, but in the event that suddenly hackers start to be successful infiltrating the Tresorit service, the company now has a small mountain of cash to fall back on. Of course it’s unlikely (famous last words!) that the cash will be needed to pay the hackers – to date, more than 1,000 security professionals and experts from institutions including MIT, Stanford and Harvard have tried unsuccessfully to break into Tresorit’s encryption technology. Tresorit, like a red rag to a bull, is saying that its system is “unhackable” – cue the really committed hackers! Especially so since the bounty has recently been increased to $50k!”
The article, originally appeared at www.forbes.com. Follow the links for the whole story.