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January 19, 2018

Sri Lanka’s Cargills Bank taps IBM for cognitive security solutions

Cargills Bank, a commercial lender in Sri Lanka, has deployed IBM’s cognitive cybersecurity solutions to boost its existing defensive capabilities.

The bank is using IBM QRadar, a security intelligence platform, along with QRadar Advisor with Watson, to help early detection and classification of cyber threats and alerts.

Using the technology, Cargills Bank’s cyber defence experts can manage and analyse the huge amount of data coming from multiple external source and compare it with the latest information to recognise the potential threats.

Cargills Bank chief operating officer Rohan Muttiah said: “With cybercrime becoming more organised and sophisticated, it is imperative to deploy highly adaptive prevention and response capabilities based on proven technology.

“IBM’s best-in-class cognitive security portfolio will help us pre-empt threats and mitigate risk, thereby supporting our position as a leading digital bank.”

IBM head of software sales for Sri Lanka and Maldives Manori Unambuwe said: “Watson for Cyber Security has been trained in the language of cyber security and has “read” 2 million cyber security documents, which means it can help security analysts parse thousands of natural (human) language research reports that have never before been accessible to modern security tools.”

Blue Chip Engineering Co, an IBM business partner in Sri Lanka, completed the implementation of the cognitive security solutions at the bank.

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