Scotiabank funds $2M cybersecurity initiative at UBC

Will support research and educational initiatives over five years.

VANCOUVER — Scotiabank is helping the University of British Columbia (UBC) accelerate cybersecurity and financial risk research in Canada with a $2-million in funding.

Over the next five years, the Scotiabank Cybersecurity and Risk Analytics Initiative will support research and educational initiatives, including internships, speaker series, hackathons and other events to advance understanding of the impacts of cyberattacks and refine risk management tools.

The bank’s donation is supporting work by UBC researchers Konstantin Beznosov and Hasan Cavusoglu, who specialize in cyberattack research, privacy and security; and statistics professors John Braun, Natalia Nolde and Harry Joe, who are furthering financial risk modelling and probability theory.

The Creative Destruction Lab West (CDL West) at the UBC Sauder School of Business will also be supported. CDL West, an extension of the Creative Destruction Lab at the University of Toronto’s Rotman School of Management, helps entrepreneurs transition from science-based innovations to commercialization.

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