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Melbourne, Australia - 14 May 2008: The Internet Commerce Security Laboratory (ICSL), a joint venture between the University of Ballarat, the Westpac Banking Corporation, IBM Australia, and the Victorian Government, will be opened in Ballarat today, 14 May.
The ICSL will focus initially on two approaches to defeating financial cybercrime: profiling the activities of criminal groups by using data mining techniques, and developing transformational technologies to ensure that consumers and businesses can use internet commerce with confidence.
The ICSL has been formed to deliver a collaborative approach between industry, academia and government to proactively tackle the growing problem of cybercrime.
The new centre will work on two approaches to attacking financial cybercrime: profiling the activities of criminal groups by using data mining techniques, and developing transformational technologies, to ensure that consumers and businesses can use Internet commerce with confidence.
“While the range of cybercrime threats is increasing every day, the unique partnership in the Laboratory will ensure that we can not only respond quickly to attacks but also work proactively to prevent attacks in the first place,” Associate Professor Paul Watters, the Laboratory’s Research Director, said.
Opened by the Hon Theo Theophanous, the Victorian Minister for Information and Communication Technology, the ICSL is jointly sponsored by all four bodies and will be located within the University of Ballarat’s Technology Park.
“The University of Ballarat is delighted to be involved in this critically important project,” Professor David Battersby, Vice-Chancellor, said.
“The international growth of cybercrime is disturbing and a significant economic and social burden; thus the ICSL has the potential to make a significant impact.
“It will ensure that the University, government and industry are working together to combat the threat.”
Speaking at the opening on IBM’s involvement and commitment to the venture, Peter Campbell, General Manager, IBM Australia’s Global Technology Services, said: “We are expecting that the Internet Commerce Security Laboratory will play a key role in building the ‘connective tissue’ needed to enable greater collaboration, both vertically between individuals and organizations also horizontally among organizations and lead to innovative solutions to combat organised – and random – cyber criminal activities.”
IBM servers and security devices are being deployed to the important task of protecting the network perimeter of the Laboratory.
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