Proactive Operational Intelligence Cybersecurity Platform for the Financial Services Industry

Project Information

REDSENTRY

Grant agreement ID: 775251

DOI

10.3030/775251

Project closed

EC signature date 19 June 2017

Start date 1 July 2017

End date 31 December 2017

Funded under

• Secure societies - Protecting freedom and security of Europe and its citizens

Total cost

€ 71 429,00

EU contribution

€ 50 000,00

Coordinated by

ENEO TECNOLOGIA SOCIEDAD DE RESPONSABILIDAD LIMITADA
Spain

Periodic Reporting for period 1 - REDSENTRY (Proactive Operational Intelligence Cybersecurity Platform for the Financial Services Industry)

Reporting period: 2017-07-01 to 2017-12-31

Summary of the context and overall objectives of the project

The SME Instrument Phase I project “redsentry” was a result of the market opportunity detected by ENEO Technología, S.L: (hereafter: ENEO) for cybersecurity solutions based on active network monitoring technologies. The project was designed to validate the initial idea with potential customers and use the results of those validation efforts to develop an initial business plan for the further development of the solution. The project had following specific goals of conducting and technology and market feasibility study of the proposed redsentry solution.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

The work carried out during Phase I has allowed ENEO to develop a business plan for the commercialisation of the redsentry product. Through the customer validation actions ENEO has adapted its initial proposal to better meet the needs of the market. The result is a clear work plan for Phase II which will produce the launch version of redsentry.
The Phase I project was carried out in three main areas of action. First, the ENEO team engaged carried out a technological feasibility and product validation. Second, ENEO worked with an external consultant to carry out a market assessment and refine the business plan for redsentry. Finally, the ENEO team and the external consultant worked to define the specific work plan for Phase II of the redsentry project.
The primary result of the project, the feasibility study, was focused on the adaptation and validation for the financial services sector of the core technology and platform of the company which provides the ability to control variations in network performance both locally and globally as well as apply automatic, proactive responses to protection and quality of service. Specifically, the technology feasibility study focused on determining to what extent the existing technology was suitable for the requirements of the financial services sector and any necessary adaptations for future development.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

During the project, the feedback received from potential customers led the team to modify to proposed redsentry solution to cover a broader range of clients. This was a result of the detection of new trends in the cybersecurity market and the enthusiasm of a broad range of potential clients to try the proposed redsentry solution. The final result of the project is a well-defined business plan for the development and deployment of an advanced cybersecurity solution which will protect customers of all types from new and unknown threats.

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