The Global Collaborations Engine ( GCE), a cybersecurity technology developed by Lloyds Banking Group that utilises sophisticated algorithms to identify real cyber risks, has been granted a patent.
The trademark is recognized both in the US and the UK.
The GCE stands out by aggregating and analyzing alerts from several security technologies.
It references this data with regarded components and indicators of cyber-attacks to find common characteristics, trends, and possible connections between various alerts.
This method provides a specific method for threat detection, allowing the GCE to precisely identify virtual threats rather than false positives.
The technology is detect both immediate and long-term threats.
Although it was first developed to combat traditional cyber-attacks, the GCE’s possible applications are extensive, including those in areas like e-crime, supply chain scams, and cyber-enabled fraud.
The team hopes to improve the GCE’s risk monitoring features by incorporating several layers of techniques, including artificial intelligence.
Our Global Correlation Engine, which was introduced by Lloyds Banking Group, is an interesting technology that will enable us to identify real threats more quickly and effectively, ensuring customers are protected, said Matt Rowe, the company’s main security officer.
We’re pursuing more development with the use of artificial intelligence to expand its functions.
Our world-class computer experts have created this innovation, which shows our commitment to advance cybersecurity and provide our customers with cutting-edge technology.
In response to the UK’s growing demand for digital solutions, Lloyds Banking Group made headlines in January of this year with plans to close an extra 136 trees.
