Security competitions

Can anyone tell me, is there any Security/Hacking competition which will be worthy.

First couple of google results for the query, "security hacking competitions":

https://en.wikipedia.org/wiki/Pwn2Own

^ $10,000-$25,000 USD cash prizes

http://www.forbes.com/sites/andygreenberg/2012/02/28/google-will-offer-1-million-in-rewards-for-hacking-chrome-in-contest/

^ If you can hack Google Chrome (good luck getting past the sandbox), you can make $1,000,000 USD. That's a decent amount of money, in my opinion. Not to mention, it would probably land you a job in Cupertino/Silicon Valley working for GOOOOOOOGLE (dream come true)! :D

Thank you ellips.

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If you are a student in college or Jr. college you can sign up for National Cyber League and do all the challenges in the comfort of your own home. This is not good as something like CCDC but its a good start.