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:
The SOCCRATES project is conducting an elaborate series of webinars to share its vision and insights with interested audiences. The first 5 webinars were centered around the SOCCRATES platform components and took place between October 2020 and June 2021. The second series will run until June of 2022 and address results achieved at the (Mnemonic, Vattenfall and Shadowserver) pilot sites.
The European Commission puts a great emphasis on the twin transition to a green and digital economy as the way forward for Europe.
In many sectors, SMEs can use enabling technologies to redesign their operations and become green(er). Standards are fundamental for sustainable technology as they provide reliable, consistent building blocks that can be universally understood and adopted. These building blocks aid in promoting compatibility and interoperability and speed up time-to-market.