This Cyber Security Awareness Month, the University of Connecticut’s (UConn) School of Engineering and Synchrony Financial (NYSE:SYF) have announced the launch of Synchrony Financial’s Center of Excellence in Cybersecurity (The Center) at UConn.
The Center will promote cutting edge research in cybersecurity, a field that is expected to grow from $122 billion worldwide in 2016 to $202 billion by 2021.
Through the partnership, Synchrony Financial will provide an endowment for a Synchrony Financial Chair in Cybersecurity to lead cybersecurity education at UConn and help develop a strong pipeline of information security talent. In addition to research, Synchrony Financial has committed to funding a Cybersecurity Fellows Program and a Scholarship Program that will provide stipends to attract the brightest graduate students to UConn, where they will study and conduct independent cybersecurity research. The programs, which total $2.2 million in philanthropic support, will be funded over the next five years. Active discussions regarding additional funding to support cutting-edge cybersecurity research are currently underway. This partnership exemplifies Synchrony Financial’s commitment to building trusted networks with shared awareness and common long-term goals.