Published On: Wed, Jun 27th, 2018

Royal Bank of Canada invests $2 Million in Israeli cybersecurity Research at BGU

Ben-Gurion University

The Royal Bank of Canada (RBC) is investing $2 million in cybersecurity research at Ben-Gurion University‘s (BGU), transfer company BGN Technologies, and RBC have announced.

The funding will support the development of adversarial artificial intelligence (AI), including machine learning-based cyber mitigation techniques.

This research collaboration will further develop protection methods to strengthen and evaluate the resilience of current AI and machine learning techniques, while limiting their vulnerability to threats and tampering.

The research areas will be developed in collaboration with Prof. Yuval Elovici and Dr. Asaf Shabtai, both from the Department of Software and Information Systems Engineering, at the Ben-Gurion University Cyber Security Research Center.

Martin Wildberger, EVP Technology & Operations, RBC, said: “In today’s incredibly complex world, we need advanced technology like AI and machine learning to continue developing leading-edge cybersecurity. This partnership will help support our cyber defense by working with prominent experts in the field, such as the researchers at Ben-Gurion University.”

“We are looking forward to collaborating with RBC, Canada’s largest bank,” said Danny Shtaier, High-tech Business Development, at BGN Technologies. “This partnership provides our researchers with the opportunity to further apply their leadership in cyber security research to the banking industry, where security is crucial for daily operations and the safety of customers.”

 

 

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