Security experts can earn cryptocurrency for detecting malware
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PolySwarm aims to incentivize a global community of security experts to disrupt the $8.5 billion cyber threat intelligence industry. In this article, Paul Makowski, CTO and co-founder of Swarm Technologies, explains how this works and how you can earn cryptocurrency for detecting malware.
Today’s antivirus and IT security market is dominated by single-vendor offerings that favor a core set of competencies. They focus on the 80% — detecting the most common malware on Windows endpoints.
At the same time, our collective appetite for computing heterogeneity has accelerated — enterprises and end users work and play on Windows, macOS, Android, iOS, Linux and everything in between.
Device & operating system heterogeneity demands a new set of incentives that produce protection solutions capable of keeping pace with our devices and staying ahead of innovative attackers seeking to undermine our defenses.
That’s why we’re building PolySwarm, the first decentralized marketplace that incentivizes security experts to build anti-malware engines that compete to protect consumers. Always current, crowdsourced intelligence — without updates.
PolySwarm is powered by experts developing and fine-tuning micro-engines that detect the latest threats better than their competitors’ micro-engines. To encourage security expert onboarding, we recently launched a $300,000 USD PolySwarm Nectar Contest!
How PolySwarm works
Experts that participate in this contest are rewarded in PolySwarm’s token, Nectar (NCT), for identifying and supplying unique malware samples. PolySwarm will incentivize these same experts to detect these unique samples in their micro-engines.
Each user can submit a single file per day. Only the first five files per malware family will be accepted. The amount of Nectar rewarded is tiered in order of submission time within its malware family. Each day a bonus malware family is named on PolySwarm’s Telegram group — submissions to this family double the NCT reward! For full details, see our Contest Rules.
We’ve had many awesome submissions so far — including many submissions to the bonus malware families! We’ve also received a large number of cat pictures. But it’s the Internet and that’s to be expected.
PolySwarm will incentivize a global community of security experts to disrupt the $8.5 billion cyber threat intelligence industry. This contest is the first of many efforts to onboard security experts into the PolySwarm ecosystem.
We have many more contests and development grants planned — we encourage all security experts, end users and enterprise defenders to join our current Contest here, join our Telegram channel here and to stay tuned for more coming soon!