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Vulnerability Search and Prevention through Holistic End-to-end Risk Evaluation

Objective

In the so-called ‘age of information’, information and communication systems (ICT) are the backbone of our digitalised society. Especially from an industrial perspective, we entrust our most delicate details to these tools and, logically, we demand the highest level of integrity and availability to avoid any eventual data loss, unavailability or, maybe more important, misuse. However, cyberattacks in EU are costing businesses around €38 billion/ year. How can we maximise our protection against these risks? Our company, Prosa Security, is developing V-SPHERE; a new solution for industrial cyber security that unveils and prevents vulnerabilities of any ICT system in a holistic way, i.e., covering all the development cycle and all company perspectives. Involving all the stakeholders in the security process, this unique approach has demonstrated to be 10 to 100 times more effective in detection than traditional methods, as well as to reduce by 3 the time allocated for quality and security assurance in SW development projects, resulting in saving from €45,000 to €300,000 per SW development project. The overall objectives of this project are: assessing the viability of V-SPHERE and building a solid business and operational plan (Phase 1); conducting the planned technical and commercial activities to prepare its commercialisation (Phase 2); and initiate the formal large scale commercialisation, seeking the promotion of V-SPHERE and the networking with financers (Phase 3). Our business opportunity is promising, with the European market of cybersecurity to reach €38.10 billion and the specific market of security testing solutions valued at €2.71 billion in 2022. The expected outcome of the project is estimated at €23.3 million by 2023, besides the creation of 27 job positions.

Field of science

  • /social sciences/economics and business/business and management/commerce
  • /natural sciences/computer and information sciences/computer security
  • /social sciences/economics and business

Call for proposal

H2020-SMEINST-1-2016-2017
See other projects for this call

Funding Scheme

SME-1 - SME instrument phase 1

Coordinator

PROSA SECURITY AS
Address
Gaustadalleen 23 A
0373 Oslo
Norway
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 50 000