The Royal Bank of Canada (RBC) is opening a cybersecurity lab and investing $1.78 million into research at the University of Waterloo to develop advanced cybersecurity and privacy tools.

The funding will support research in the following areas;

  • Data-driven software defined security, led by Raouf Boutaba, will focus on detecting and mitigating security threats using machine learning and AI.
  • Privacy enhancing technologies, led by Ian Goldberg, will focus on the safety and security of consumer metadata, including identity and location.
  • Post-quantum cryptography, led by David Jao, will focus on a unique blend of pure mathematics and computer science that produces a data encryption so strong that quantum computers cannot crack it.

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