The Global Collaborations Engine ( GCE), a cybersecurity technology developed by Lloyds Banking Group that makes use of 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 approach to threat detection, allowing the GCE to precisely identify virtual threats rather than false positives.
The technology does determine both immediate and long-term risks.
The GCE’s prospective applications, which include e-crime, supply chain scams, and cyber-enabled fraud, are extensive and originally designed to counteract standard cyber-attacks.
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 may enable us to identify real challenges more quickly and effectively, ensuring clients are protected, is a statement from Lloyds Banking Group CEO Matt Rowe.
We’re pursuing more development with the use of artificial intelligence to expand its functions.
This technology, created by our top computer experts, demonstrates our dedication to improving cybersecurity and providing 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.
