Royal Bank of Canada invests $2m in BGU cybersecurity R&D

The Royal Bank of Canada (RBC) invests $2 million in research at Ben-Gurion University’s (BGU) Cybersecurity Research Center, as reported by Globes.

The goal of the investment is to support the development of adversarial artificial intelligence (AI) to develop protection methods and evaluate the resilience of current AI and machine learning techniques.

Prof. Yuval Elovici and Dr. Asaf Shabtai, both from the Department of Software and Information Systems Engineering at the Ben-Gurion University Cybersecurity Research Center, will be in charge of the program.

According to Globes, Danny Shtaier, High-Tech Business Development, said:“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.”