Element AI and National Bank of Canada, both based in Montreal, on Thursday announced a collaborative relationship to integrate artificial intelligence (AI) soft software within the bank’s security operations centre to maximize cybersecurity protection.
Bank security analysts will be able to investigate further, react and respond with more accuracy to alerts and threats, the companies say in a news release.
Element AI is working with the bank’s cybersecurity analysts to implement features that create real-time reports and communications alerts — while identifying, mapping, and autonomously hunting for new threats.
Once integrated into the bank’s infrastructure, the Element AI deep learning product will analyze data and create a response workflow that delivers continuous predictions and suggestions on courses of action, while eliminating many false positives, the companies say. These goal is to help security analysts to better focus on verified and pressing cyberthreats.
“National Bank of Canada is taking an important step to adopt and leverage cutting-edge AI technologies that empower our security operations analysts,” said Dominic Côté, senior director of cybersecurity at NBC, in a statement.