Federal Trade Commission January 4, 2017 – Federal Register Recent Federal Regulation Documents

The Federal Trade Commission (``FTC'') announces a prize competition that challenges the public to create a technical solution (``tool'') that consumers can deploy to guard against security vulnerabilities in software on the Internet of Things (``IoT'') devices in their homes. The tool would, at a minimum, help protect consumers from security vulnerabilities caused by out-of-date software. Contestants have the option of adding features, such as those that would address hard-coded, factory default or easy-to-guess passwords. The prize for the competition is up to $25,000, with $3,000 available for each honorable mention winner(s). Winners will be announced on or about July 27, 2017.