The Royal Bank of Canada (RBC) is opening a cyber security 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.
CryptoWorks21, an enhanced education program focused on post-quantum cryptosystems is also included in the support. Led by Waterloo’s Michele Mosca, RBC will also sponsor the CryptoWorks Industry Day, a graduate student scholarship, a thesis prize, and support for professional teaching.