Microsoft had recently organized the Blue Hat security contest, and awarded a hefty grand prize of $200,000 (approximately 1.1 crore Indian rupees) to the winning contestant. The prize was bagged by Vasilis Pappas, a Ph.D student from Columbia University. He was handed the cheque in an American Idol-style contest with loud music and confetti, reports Business Insider. Microsoft gave away $260,000 in all in prizes at the contest. Two contestants named Ivan Fratric, a researcher at the University of Zagreb in Croatia, and Jared DeMott, a Security Researcher for Harris Corp won $50,000 and $10,000 respectively.
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