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The competition is designed to stimulate creative thinking and find new ideas and fresh approaches in the security industry while nurturing new talent.
With a prize of £10,000, the competition is open to any individual or group with an idea or concept that could help improve cyber security for businesses or consumers.
For this year's competition, there are no strict categories, but NCC Group has suggested entrants focus their thinking on one of the following areas:
- Cloud security
- Cyber incident response and clean-up
- Internet of things and mobile security
- Consumer and user awareness, training and support
- Cyber security on small budgets
The competition is seeking innovative technical and non-technical solutions that could be employed to raise awareness, test awareness and change current risky behaviours in relation to corporate and personal information.
According to the competition rules, solutions may be universal or aimed at a specific age group, vertical or sector of society.
The winning entry will receive £10,000 to develop their security idea, along with expert guidance and advice from security veterans at NCC Group.
The winner of the 2014 competition, Ian Peters, developed a threat modelling tool named Minerva – after the Roman goddess of wisdom – that enables a server to store attack surface models for large numbers of disparate applications, systems and products, allowing links to be made between them to identify security vulnerabilities proactively.
“Cyber 10K is our seed investment programme for innovative ideas in the area of cyber security,” said NCC Group CEO Rob Cotton.
“We’re passionate about stimulating creativity in this arena, and want to do our part to help solve some of the real cyber security challenges that businesses and consumers face today.”
In July 2015, the government announced a cyber security knowledge transfer partnership (KTP) fund worth £500,000 from the Department of Culture, Media and Sport and Innovate UK.
The fund, which is expected to support around 12 projects, will provide grants to encourage partnerships between academic institutions and cyber security companies to support innovation and to help the businesses improve their competitiveness and productivity.
Read more about cyber security innovation
- Mailprotector is betting its future on innovation around securing email as a core business communication system
- Enterprises need to change the way they think about information security to see it as an opportunity for innovation, says HP's Tim Grieveson
- The European Union should address mobility and data security as well as innovation through fair competition to expand digital growth, says UK report
- The most critical IT security challenge is to be able to see the whole picture, understand the business needs and find solutions