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RBC to open a cybersecurity lab and fund new research at the University of Waterloo

Monday, January 29, 2018

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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.

Online malicious attacks and botnets have become increasingly sophisticated and targeted as people share more and more personal data online. Security teams are often working within legacy hardware systems, across international borders with varying restrictions, and need to prepare for the post-quantum threat. Researchers are poised to create new solutions beyond the current infrastructure, the current encryption systems and the current computing capabilities.

Read the full media release.

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