Social gaming platform Winzo has launched a new cybersecurity challenge program to invest in, and develop open-source technologies and best practices for businesses.

The program, Code Health and Security Evaluation (CHASE), will be carried out in partnership with Indian Institute of Technology-Delhi (IIT-D), Delhi Technological University (DTU), Netaji Subhash University of Technology (NSUT), and IIID.

“Preventing attacks or mitigating the spread of an attack as quickly as possible is of utmost importance for a platform that scales across over 100 million users, 20% of which are making their first digital payments,” said Paavan Nanda, cofounder of Winzo.

The company said it would aim to develop open-source technologies for cyber security across information and event management, endpoint detection and response protocols, security orchestration, encryption, and penetration testing and detection technology. It would also provide a scholarship to the winners of this challenge, with top participants eligible for internships and pre-placement interviews at Winzo.

Winzo has a 100 million registered user base and facilitates over four billion micro-transactions per month, making it important for it to focus on the safety of the transacting users and data integrity.

Winzo aims to scale its CHASE programme to 100 colleges in two years.

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