The project is called "Pin Pad Defender," and the DARPA contract supports the continued development, fabrication and integration of a functional system prototype.
The monetary value of the award wasn't given but Critical Assets said it's one of the first contracts DARPA under its new "Cyber Fast Track Program."
"We're very excited to be among the first to work with DARPA's CFT initiative," said Matt Harrigan, Critical Assets Labs chief executive. "The program establishes the ability for firms like us to do meaningful research under a federal program, which would otherwise not be possible.
"The truth is that (cyber) attackers have adapted beyond today's security products. At Critical Assets, we demand defensive measures that our own white-hat hackers can't break. And that rules out most of the "solutions" on the market today.
"Critical Assets Labs is pushing the envelope with new forms of defense. And we are developing novel counteroffensive measures to help deceive, identify and catch cybercriminals," he said.
Critical Assets Lab, the cybersecurity research and development wing of California's Critical Assets LLC, said it intends to pursue other projects with DARPA and plans to add additional personnel to its team.
Critical Assets LLC is a global security company serving government organizations as well as commercial customers worldwide.