site.btaCloud Storage Company Offers USD 20,000 Reward to Whoever Breaks Its Encryption System

Cloud Storage Company Offers USD 20,000 Reward to Whoever Breaks Its Encryption System

Sofia, November 19 (BTA) - The Swiss-registered Bulgarian company pCloud offers a USD 20,000 reward to anyone who breaks its data protection encryption system, the company said. The deadline is December 28, 2015.

Over 2,000 hackers from across the world have made unsuccessful attempts to break the company's encryption system so far. The most attacks came from the US - 22.05 per cent, followed by Bulgaria - 13.33 per cent, India - 11.81 per cent and Britain - 10.14 per cent.

The company, which is registered in Switzerland, but is owned and operated by Bulgarians, has doubled its users in the past two years to over two million. The cloud service provider received three million dollars in financing this summer, so that it can develop its international markets. According to independent experts, the company's level of encryption is similar to that used in military security. Upon registration, users receive a unique key which they can use to access their files. Even the company's administrators can not see the contents of the encrypted files. There is a free version for storage of up to 20 GB.