A Global Correlation Engine ( GCE), an innovation created by , supercharges cybersecurity and safeguards customers.
This addresses a problem that businesses encounter, particularly larger ones, where cybersecurity software, which is designed to recognize and warn businesses from possible attacks, may be insufficient precision. This implies that occasionally, false positives, which are misidentified as malignant, can trigger updates.
Studies of false positive have significantly decreased since Lloyds Banking Group implemented the GCE, reducing the chance of missing real attacks.
The GCE is being further developed by Lloyds Banking Group, which makes use of multiple layers of techniques, including artificial intelligence, to improve its features.
A new strategy for the GCE, which uses smart algorithms to analyze cybersecurity alerts and decide which alerts might be real threats, has also received its first-ever patent from the , Intellectual Property Office. The Group can concentrate its resources on investigating and addressing real digital challenges because the patent has been granted in both the UK and the US.
The GCE works by storing and analyzing updates from various security systems to find common characteristics, patterns, and possible connections between various emails. The GCE properly assesses and determines cyber threats by cross-referencing this info against the elements and typical signs of a cyber-attack.
This method provides a powerful approach that is both highly accurate and able to identify both immediate and long-term threats.
Although the technology was developed to initially stop classic cyber-attacks, there are many more potential applications, including e-crime, supply chain scams, cyber-enabled fraud, and more.
Our Global Correlation Engine is an interesting technology that will help us determine true threats more quickly and effectively, ensuring clients are protected, said Matt Rowe, CEO of Lloyds Banking Group. We’re attempting to expand the Engine’s functions by using unnatural knowledge to further its development. Our world-class computer experts have created this innovation to demonstrate our commitment to improving cybersecurity and providing our customers with cutting-edge technology.