Skip to main content Skip to main navigation Skip to page-level navigation Go to the Disability Resource Centre Website Go to the DRC Booking Accommodation Portal Go to the Inclusive Technology Lab Website
The University of British Columbia
The University of British Columbia Okanagan campus
UBC Okanagan News
  • Research
  • People
    • Student Profile
    • Faculty Profile
    • Alumni Spotlight
  • Campus Life
    • Campus News
    • Student Life
    • Teaching & Learning
  • Community Engagement
  • About the Collection
    • Stories for Media
  • UBCO Events
  • Search All Stories
Home / 2017 / March / 13 / Scotiabank funds $2-million cybersecurity and financial data initiative at UBC
Policy & Social Change

Scotiabank funds $2-million cybersecurity and financial data initiative at UBC

March 13, 2017

UBC Okanagan’s John Braun is one of several statistics professors making significant contributions to financial risk modelling and probability theory.

UBC Okanagan’s John Braun is one of several statistics professors making significant contributions to financial risk modelling and probability theory.

UBC is poised to accelerate cybersecurity and financial risk research in Canada and beyond, thanks to a $2-million donation from Scotiabank.

Over the next five years, The Scotiabank Cybersecurity and Risk Analytics Initiative will support research and educational initiatives, including internships, speaker series, engagement activities like “hackathons,” and other collaborative events to advance our understanding of the impacts of cyber attacks and refine risk management tools.

“Data theft costs organizations billions of dollars a year worldwide, and cause psychological and social harm for individual customers. The Scotiabank Cybersecurity and Risk Analytics Initiative at UBC will advance the industry’s collective understanding of how to further protect digital assets,” says Michael Zerbs, Scotiabank’s chief technology officer. “At the same time, Scotiabank’s support will contribute to research and engage students to advance financial modelling to help manage risks and protect customers. We’re proud to support UBC as part our digital strategy and our commitment to building talent in the digital economy.”

Scotiabank’s donation will support ongoing work led by UBC researchers Konstantin Beznosov and Hasan Cavusoglu, who specialize in cyber attack research and the human, social and economic issues concerning privacy and security. Statistics professors Natalia Nolde, Harry Joe, and UBC Okanagan’s John Braun, are making significant contributions to financial risk modelling and probability theory.

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

“There is an urgent need to advance our understanding of information security and financial risk management in an ever more connected, complex world. Thanks to Scotiabank’s generous donation, leading UBC researchers can now deepen their knowledge and train the next generation of financial risk analysts and cyber security experts,” says Professor Santa J. Ono, UBC president and vice chancellor.

About Scotiabank

Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. They are dedicated to helping some 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of $887 billion (as at January 31, 2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit www.scotiabank.com or follow them on Twitter @ScotiabankViews.

About UBC

The University of British Columbia is a global centre for research and teaching, consistently ranked among the top 20 public universities in the world.

—30—

Media Contact

Christine Zeindler
E-mail: christine.zeindler@ubc.ca

Content type: Media Advisory
More content from: Computer Science, Mathematics, Physics, and Statistics, Faculty of Management, Irving K Barber School of Arts and Sciences (prior July 2020)

Trending Stories

  • From textbooks to tissue models
  • How one student connects AI innovation to wildfire research
  • Psychedelic mushroom microdoses can improve mood, mental health
  • From medical school to medical leadership
  • Reducing the side effects of cancer therapy
All Stories
Contact Media Relations

About UBC Okanagan

UBC’s Okanagan campus is an innovative hub for research and learning founded in partnership with local Indigenous peoples, the Syilx Okanagan Nation, in whose traditional, ancestral and unceded territory the campus resides. The most established and influential global rankings all consistently place UBC in the top five per cent of universities in the world, and among the top three Canadian universities.

The Okanagan campus combines a globally recognized UBC education with a tight-knit and entrepreneurial community that welcomes students and faculty from around the world in British Columbia’s stunning Okanagan Valley. For more visit ok.ubc.ca.

Discover more about UBC Okanagan

Find a Program Admissions Book a Tour UBCO Facts
UBC Okanagan Campus News, University Relations

Innovation Precinct Annexation 1 (IA1)
3505 Spectrum Court
Kelowna, BC Canada V1V 2Z1

We respectfully acknowledge the Syilx Okanagan Nation and their peoples, in whose traditional, ancestral, unceded territory UBC Okanagan is situated.

 

Search all stories

Subscribe to receive news by email

Visit UBC's Vancouver news room

Global and Admin Messages

News

Okanagan Campus

TikTok icon Linkedin icon

UBC Okanagan News
Okanagan Campus
3333 University Way
Kelowna, BC Canada V1V 1V7
Find us on
  
Back to top
The University of British Columbia
  • Emergency Procedures |
  • Terms of Use |
  • Copyright |
  • Accessibility