Trend Micro has always believed that cybersecurity is a team sport. What happens when these teams are put in competition? We believe that you create the conditions for the best hackers in the world. You make the connected world more secure.
This is the philosophy behind our Zero Day Initiative's Pwn2Own contest. Over the past 15+ year, teams from all over the world have competed for huge cash prizes and industry kudos. We're eager to see what they have in store for the Vancouver event, based on our events in Miami and Toronto.
Tesla was almost the sole inventor of the connected car industry. It is well-versed in the requirements to stay one step ahead of the competition, and the cybercrime community. This includes rigorous testing and continual probing for software bugs. Remember, a car is not just a car anymore. It's a complex network of IT components and dynamic system that makes it an attractive attack surface for threat actor.
We have been partnering for years with car technology manufacturers, and just recently launched our VicOne subsidiary. It's also why we have welcomed Tesla to Pwn2Own over the past few years. In 2019, the Master of Pwn award was won by one team, and the Tesla Model 3 was successfully hacked by another. Two vulnerabilities were found in the car's infotainment systems that were exploited by last year's competitors. To keep up with the pace of innovation from connected vehicle giants like Google and others, we have updated and expanded our target lists again this year.
Over the years, Pwn2Own has been indelibly linked to Trend Micro's Zero Day Initiative. It could not be more fitting for the largest vendor-agnostic bug bounty programme in the world, accounting for 64% of all vulnerabilities disclosed by Omdia in 2021.
Both the ZDI and the competition share the same philosophy: to make the connected digital universe safer. This is 100% in line with Trend's corporate mission. We do this one advisory at a while at the ZDI. We strengthen the industry by sharing information and using threat intelligence to protect our customers' vulnerable systems for more than 70+ days before official patches are released.
Participants in Pwn2Own have contributed a large number of zero-day findings over the years. There have been 530 unique critical vulnerabilities discovered since its inception. These vulnerabilities were found at events that focus on mobile, IoT and critical infrastructure. The event has made more than $11.2M in total over the years. Its value has been greater for the vendors involved and customers who depend on their products. This is especially true when you consider that many vulnerabilities have been found in business-critical enterprise applications. These applications are critical for business continuity and operations for many reasons organizations.
We awarded over $1M last year to participants for their outstanding research. Come to the Sheraton Wall Center in Vancouver, March 22-24, 2023 to find out who will win the Master of Pwn trophy and possibly a Tesla.
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