WATERLOO, ONT. — The Royal Bank of Canada is opening a cybersecurity lab at the University of Waterloo and investing $1.78 million into research to develop advanced defence and privacy tools. The funding will support researchers at the southwestern Ontario university’s Cheriton School of Computer Science and department of combinatorics and optimization. RBC says online malicious attacks and botnets have become increasingly sophisticated and targeted as people share more and more personal data online — a sentiment underscored by a recent series of high-profile cyberattacks. Last week, Bell Canada alerted some customers that their information had been illegally accessed in a data breach, and Ontario transit agency Metrolinx told The Canadian Press it was hit with malware from North Korea.

Source: thestar January 30, 2018 16:52 UTC