PYMNTS.com March 3, 2025
Lloyds Banking Group secured a patent in the United Kingdom and United States for a methodology that uses intelligent algorithms to assess whether cybersecurity alerts could be genuine threats.
This methodology is for the company’s Global Correlation Engine (GCE), which is designed to enhance cybersecurity and the handling of alerts by reducing false positives and allowing users to focus on genuine attacks, Lloyds Banking Group said in a Monday (March 3) press release emailed to PYMNTS.
The company is also working to further enhance its GCE with additional layers of algorithms, including artificial intelligence, according to the release.
The technology’s potential applications include defending against not only cyberattacks but also supply chain fraud, cyber-enabled fraud and other threats, per the...
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