There's A $50,000+ Bounty Available To The First Person To Outwit The iPhone 5S Fingerprint Scanner

A group of security professionals and other assorted hackers are running an old-fashioned honor-system contest.

A couple dozen of them have pledged various prizes to the first person that can outwit the iPhone 5S fingerprint security sensor, the feature Apple calls Touch ID.

They aren't looking for a software hack. They want to see someone can reliably and repeatably outsmart the device by lifting fingerprints from, say, a beer mug.

They've launched a site called istouchidhackedyet.com where people have pledged to pay the person various prizes. There are a lot of $100 pledges, but also Bitcoins, bottles of wine, Tequila, and other goodies.

It's not an organized thing. It's up to the winner to get these folks to make good on their pledges.

However, venture capitalist Arturas Rosenbacher, a founder of I/O Capital, pledged a whopping $10,000.

One of the contest's sponsor's, security researcher Nick Depetrillo, tweeted that in order to collect, he wants to see a video of the successful hack.