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Innovative strategy for cyber security in the financial sector.

Our institute DIGITAL has completed the first phase of the Critical-Chains project with great success.

Credit: pixabay.com/stevepb
Credit: pixabay.com/stevepb

 

 

The aim of the Critical-Chains project, which has received funding from the European Commission under the Horizon 2020 program, is to develop a model to support reliable, effective and secure financial transactions. A cloud-based "X-as-a-Service" solution will use state-of-the-art technologies such as biometrics, blockchain and artificial intelligence.

 

With completion of 38 deliverables and demonstrators for pilot applications Critical-Chains is ready for the second phase, and DIGITAL is proud to be a part of the project as requirements definition leader and fraud detection tools developer. DIGITAL’s contribution to the project is led by Dr. Branka Stojanovic, key researcher of the research group "Cyber Security and Defence". The research activities of the group within the project focus on machine learning methods for anomaly detection for context-sensitive alerting. DI Christian Derler, the head of the research group, is proud of the team's success and is of the opinion that the work planned for the second project phase will make it possible to deliver innovative and practice-oriented results for the financial sector to stakeholders in the region.

 

 

More Information:

> Project 'Critical-Chains" will make the financial system more cyber-secure

> Digital Transformation and Blockchain in FinTech