24 April 2018

Scotiabank to fund research into cyberattacks and risk modeling

14 March 2017  |  6339 views  |  0 Scotia bank reception

Scotiabank is to fund a $2 million cybersecurity and financial risk initiative at the University of British Columbia.

Applicable over the next five years, the cash will be used to support internships, speaker series, hackathons, and other collaborative events to advance understanding of the impacts of cyberattacks and refine risk management tools.

Michael Zerbs , chief technology officer, Scotiabank, says: "Data theft costs organisations billions of dollars a year worldwide, and cause psychological and social harm for individual customers. The Scotiabank Cybersecurity and Risk Analytics Initiative at UBC will advance the industry's collective understanding of how to further protect digital assets."

Scotiabank's donation will support ongoing work led by UBC researchers Konstantin Beznosov and Hasan Cavusoglu, on the human, social and economic issues concerning privacy and security; and statistics professors John Braun , Natalia Nolde and Harry Joe, who are making contributions to financial risk modeling and probability theory.

The donation will also be used to help entrepreneurs grow their ideas at the Creative Destruction Lab West (CDL West) at the UBC Sauder School of Business, an extension of the Scotiabank-supported lab at the University of Toronto's Rotman School of Management.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Scotiabank trials AlphaPoint blockchain tech for trade reports

Scotiabank trials AlphaPoint blockchain tech for trade reports

02 March 2017  |  13971 views  |  0 comments | 10 tweets | 6 linkedin
Scotiabank makes digital bet in search of big productivity gains

Scotiabank makes digital bet in search of big productivity gains

02 February 2017  |  8843 views  |  0 comments | 13 tweets | 11 linkedin
Scotiabank opens Digital Factory in Toronto

Scotiabank opens Digital Factory in Toronto

27 January 2017  |  6141 views  |  0 comments | 9 tweets | 7 linkedin
Scotiabank and QED ally for fintech startup search in Latin America

Scotiabank and QED ally for fintech startup search in Latin America

09 December 2016  |  13746 views  |  0 comments | 8 tweets | 1 linkedin
Finextra Leadership: Scotiabank co-CIO McNamara on the digital future

Finextra Leadership: Scotiabank co-CIO McNamara on the digital future

15 April 2016  |  14053 views  |  0 comments | 15 tweets | 20 linkedin
Scotiabank builds customer analytics centre at Smith School of Business

Scotiabank builds customer analytics centre at Smith School of Business

12 January 2016  |  5606 views  |  0 comments | 7 tweets | 7 linkedin
Scotiabank brings in ex-BBVA Bancomer chief Deschamps as digital strategic advisor

Scotiabank brings in ex-BBVA Bancomer chief Deschamps as digital strategic advisor

02 December 2015  |  6860 views  |  0 comments | 6 tweets | 4 linkedin
Scotiabank builds digital factory

Scotiabank builds digital factory

19 October 2015  |  11404 views  |  2 comments | 19 tweets | 14 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://wup.digitalVisit http://go.jumio.com/finextraAdvisit www.ebaday.com

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
13877 views comments | 20 tweets | 28 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
11093 views comments | 18 tweets | 32 linkedin
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
8957 views comments | 26 tweets | 36 linkedin
Major card schemes zero in on single 'buy' button for online commerceMajor card schemes zero in on single 'buy'...
8294 views comments | 20 tweets | 36 linkedin
hands typing furiouslyUX Design Guide: 7 Steps to Make Digital B...
8187 views 0 | 36 tweets | 24 linkedin

Featured job

to $120K base, 200K ote, benefits
New York City, NY - USA

Find your next job