SECONDO addresses the question “How can decisions about cyber security investments and cyber insurance pricing be optimised?”.
SECONDO will support professionals who seek cyber security investments, developed to support human decision making, and a complete well-founded security strategy.
This is a timely research problem, as the rapid growth of cyber-attacks is expected to continue its upwards trajectory. Such growth presents a prominent threat to normal business operations and the EU society itself. On the other hand, an interesting, well-known, finding is that an organisation's computer systems may be less secure than a competitor's, despite having spent more money in securing them. Budget setting, cyber security investment choices and cyber insurance, in the face of uncertainties, are highly challenging tasks with massive business implications.
The project aims to make impact on the operation of EU businesses who often: (i) have a limited cyber security budget; and (ii) ignore the importance of cyber insurance. Cyber insurance can play a critical role to the mitigation of cyber risk. This can be done by imposing a cost on firms' cyber risk through a premium that they have to pay and the potential for paying a smaller premium should they reduce their current cyber security risk. SECONDO has a cross-disciplinary nature, combining mathematical and engineering insights to empower innovative software. Apart from the novel research results, the project will offer a software platform to narrow the gap between theoretical understanding and practice.
To achieve this, the four industrial project partners will i) lead the part of the project where industrial needs will be entered as input to the requirements collection phase, and, ii) provide their innovative software for risk assessment. The three academic partners will work together to i) design and thoroughly describe the proposed methodologies, but also ii) contribute to their software development.
Read more details on the SECONDO mini-site and find out more about the latest update, project results and benefit to the healthcare community.
Visit their official website and social media accounts:
On the event of the adoption of the draft regulation laying down measures for a high common level of cybersecurity at the institutions, bodies, offices and agencies of the Union, the AI4HealthSec project kicked off a process to provide its opinion.
Cyberwatching.eu has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 740129. The content of this website does not represent the opinion of the European Commission, and the European Commission is not responsible for any use that might be made of such content. Privacy Policy | Disclaimer / Terms and Conditions of Use