The Federal Trade Commission (FTC) “it is challenging the public to create an innovative tool that will help protect consumers from security vulnerabilities in the software of home devices connected to the Internet of Things.”  The FTC announcement on January 4, 2017 was entitled “Challenge to Combat Security Vulnerabilities in Home Devices” included these statements:

The Internet of Things, an array of billions of everyday objects sending and receiving data over the internet, is expanding rapidly with the adoption of applications such as health and fitness monitors, home security devices, connected cars and household appliances. It holds many potential benefits for consumers, but also raises numerous privacy and security concerns that could undermine consumer confidence.

So FTC is “offering a cash prize of up to $25,000 for the best technical solution, with up to $3,000 available for up to three honorable mention winner(s).”

If you are interested check out the IoT Home Inspector Challenge in which:

contestants to develop a tool that would address security vulnerabilities caused by out-of-date software in IoT devices. An ideal tool might be a physical device that the consumer can add to his or her home network that would check and install updates for other IoT devices on that home network, or it might be an app or cloud-based service, or a dashboard or other user interface.  Contestants also have the option of adding features such as those that would address hard-coded, factory default or easy-to-guess passwords.

Sounds like a great idea!