NED Students and NCCPL Develop AI-Based Software for Cyber Security of Financial Systems
Students of the National Center for Cyber Security (NCCS) at the NED University of Science and Technology, Karachi, in collaboration with the National Clearing Company of Pakistan Limited (NCCPL) have developed an Artificial Intelligence (AI) based cybersecurity software which accurately detects dubious activities and averts breaches in financial systems.
Named “Security and Threat Intelligence Platform,” the software has integrated threat intelligence, behavioral monitoring, asset discovery, smart intrusion detection, and vulnerability assessment models.
Once deployed, the software points out aberrations in the financial systems and serves as a firewall against cyber threats including cyber-thefts, ransomware and spyware attacks, and all unauthorized break-ins.
According to details, the Security and Threat Intelligence Platform was developed within a year and is easily customizable according to varying business needs.
Turkish Consul General Karachi, Tolga Ucak, Chairman NCCPL, Humayun Bashir, Vice-Chancellor NED University, Prof. Dr. Sarosh Hashmat Lodi, CEO NCCPL, Muhammad Lukman, CEO Pakistan Stock Exchange (PSX) Farrukh Khan, Managing Director (MD) Jaffer Business Systems, Veqar-ul-Islam, and other acclaimed IT industry professionals attended the seminar.
While addressing the seminar, Tolga Ucak lauded the efforts of NCCS and NCCPL towards in development of the AI-based software and said Pakistan is taking giant strides towards becoming self-reliant in cybersecurity in this age of cyber warfare.