At the Black Hat Conference 2011, Katie Moussouris who leads the Security Community Outreach and Strategy team at Microsoft announced Blue Hat Prize with the following detail below:
Microsoft event offer this prize to whoever (from 14 years of age up) can find the mitigation technology that is able to prevent the exploitation of memory vulnerabilities. This is the first time, Microsoft provides such money for finding the vulnerabilities and mitigation technology for the related vulnerabilities. Generally, security researchers have 3 purposes as shown below:
Microsoft intend to fulfill these 3 purposes and Microsoft intend to have the Intellectual Property still attached to the inventor as the recognition. Some of the example of mitigation technology that already helped developers to further provide secure code as shown below:
These tools can be found as a collection knows as Enhanced Mitigation Experience Toolkit (EMET) and can be downloaded from here. The Black Hat 2011 Summary Webcast be be viewed here. Are you ready for the challenges? To get more detail about the Blue Hat Prize, go to the following link.