Thanks to grimman for posting this on the forum.
A Korean company is offering $100,000 (£70,000) in a 48-hour hacking competition, to be run this week.
Korea Digital Works (KDWorks) will launch the competition, which will involve gaining root access to a server, on Tuesday 16 April at 11am Korean Standard Time (2am GMT) at the Munhwa Daily Newspaper.
The competition is aimed at demonstrating the resilience of KDWorks" World OK Security (WOKS) solution, according to Justin Kim, an attorney with US-based Mike Choi International Consulting, who is helping to promote the event. "The company is a small enterprise but their product is outstanding," said Kim. "We found the company is not internationally recognised, so we decided to run the competition."
KDWorks plans to release the details of the target system two hours before the competition starts. The first person to penetrate the server -- which will be protected by WOKS -- and edit an HTML file to leave their ID and identification number on the front page, will win. A panel of three judges drawn from the press, the IT industry and academia, will arbitrate in the event of any apparent tie or confusion.
If there is no outright winner, the judges may award five prizes of $10,000 to "outstanding competitors" based on the methodology and level of hacking used.