TD Bank joins Canadian Institute for Cybersecurity

The TD Bank Group has become the first Canadian bank to join the Canadian Institute for Cybersecurity.

The institute is a hub for cyber technology research and collaboration based at the University of New Brunswick. TD said its involvement supports its focus on investing in technology talent and will include the co-development of new cyber risk management technologies. The institute’s graduate students will work directly with TD technology teams to develop and operationalise new threat assessment methodologies and algorithms.

“We are building a digital bank for the modern customer,” says Jeff Henderson, Executive vice president & CIO at TD. “As the digital landscape evolves, we will continue to invest in technology partnerships and talent so that we can deliver innovative experiences that our customers can trust and rely on. The University of New Brunswick is fast becoming an international centre of cybersecurity excellence and we look forward to working with its multidisciplinary teams on real-world problems, while growing our technology talent base.”

The Canadian Institute for Cybersecurity, launched in early 2017, is a comprehensive multidisciplinary training, research and development and entrepreneurial institute which operates in close collaboration with researchers in the social sciences, business, computer science, engineering, law, and science, as well as at other national and international research centres.

“On the list of security issues that companies monitor, cyber threats have quickly moved to the top,” says Dr. Ali Ghorbani, director of the Institute and Canada research chair in Cybersecurity at UNB. “Our teams are developing next-generation technology solutions in partnership with leading industry players like TD, deepening defences against emerging cyber threats not just in Canada but around the world.”

TD also recently announced the opening of a cybersecurity office in Israel, a globally-recognised centre for cyber-defence technology and one of the world’s leading markets for cybersecurity skills and talent. As part of TD’s cybersecurity vision, the bank is making significant investments to recruit technology and cyber talent. With the Israeli office, TD said it will now have a ‘more direct line’ into Israel’s cyber and technology talent ecosystem.

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