The Global Collaborations Engine ( GCE), which uses clever algorithms to identify cyberthreats rather than false positives, has been granted a patent by Lloyds Banking Group.
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The website was created to assist organizations in safeguarding their customers from security breaches. The GCE is designed to be more accurate in identifying real attacks, not to mention that frequently misidentified action triggers cybersecurity alerts.
According to GCE research, there are considerably fewer false positives discovered. The GCE can cross-reference and analyze alerts across several security technologies to discover common factors across alerts, and it is able to identify cyberthreats through cross-referencing.
In the UK and the US, has obtained its first invention for the GCE from the Intellectual Property Office. The lender is now focusing on developing the GCE’s capabilities.
Our Global Correlation Engine is an interesting technology that will help us determine true threats more quickly and effectively, ensuring customers are protected, according to Matt Rowe, key safety officer at Lloyds Banking Group. We’re attempting to expand the Engine’s functions by using unnatural knowledge to do so. This technology, created by our top digital experts, demonstrates our dedication to improving cybersecurity and providing our customers with cutting-edge technology.
The decision comes after Lloyds revealed its IT conversion strategy, which will affect the company’s 6, 000 employee positions.  ,