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Desjardins invests in research on cyber security and artificial intelligence

by

Andrea Lubeck

February 21, 2019 09:30

Photo : Freepik

The Desjardins group has announced an investment of $ 1.25 million ($M) over five years in partnership with Polytechnique Montréal for a research program relating to cyber security and artificial intelligence.

Annie-Josiane Bujold, spokesperson for the movement collective, said in the Journal of insurance Desjardins aims to find new solutions to better respond to cyber-attacks. “We are also leveraging our facilities available to researchers so that they can come in and work on our security systems and to test them also.

“Cyber security has now become a sphere of activity of strategic importance, which makes its appeal to our capacity for innovation. It is in this spirit that the Desjardins group provides its expertise in common with speakers who are at the forefront of research in this area. By uniting our forces at Polytechnique, we will help our members and clients, individuals and companies, to manage their financial affairs in a safe and secure environment. We will contribute to the strengthening of a centre of expertise quebec, high-quality cyber security and artificial intelligence, ” said Guy Cormier, president and chief executive officer of Desjardins group.

Training of a dozen high-level experts

Desjardins and Polytechnique also claim that their partnership will ” increase the speed of detection of security incidents, to automate the detection and responses to incidents, and train a dozen high-level experts at the master’s degree and phd “.

“Cyber attacks are increasingly sophisticated. Governments, banks, companies, leading, however well equipped, have been thwarted. We are in a race to a perpetual against cyber attacks. This partnership formalised a programme of original research, advanced and bold that will allow to apply the techniques of deep learning in artificial intelligence the fundamental problems of cybersecurity, ” said José Fernandez, a professor in the Department of computer and software engineering from Polytechnique Montréal.

Critical needs

The partnership comes at a time when needs in cybersecurity is evident, supports Desjardins. The financial institution cites an analysis by Deloitte that shows the demand for computer experts in the country increases by 7 % per year. This means that organizations will have about 8,000 jobs in the area to be filled by 2021.

“Cyber security is a key element of our training programs and research. This partnership with Desjardins is a timely issue ; new technologies, such as mobile connectivity 5G and the growing popularity of the Internet of things will multiply the data traffic and the possibilities of malicious intrusions. It is necessary to strengthen and refine the defense mechanisms, training of experts of very high level and to support future entrepreneurs in cyber-security, ” added Philippe A. Tanguy, director general of Polytechnique Montréal.

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