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CYBER Security InSURancE — A Framework for Liability Based Trust

Project description

Promoting trustworthy cyber insurance policies

Malicious cyberattacks and data breaches can be devastating for enterprises, resulting in the loss of customers and revenue. Although cyber insurance coverage can help enterprises recover financial losses from a cybersecurity incident, it is a relatively new field that lacks market differentiation. The MSCA-funded CyberSure project aims to establish a novel platform that will enable the creation and management of customised cyber insurance policies. The platform will include tools that continuously analyse risks and certify that insured systems have adequate security, thus ensuring a solid liability basis. Through real-world trials in e-health and cloud services, the project will evaluate and fine-tune the platform for market readiness.

Objective

CyberSure is a programme of collaborations and exchanges between researchers aimed at developing a framework for creating and managing cyber insurance policy for cyber systems. The purpose of creating such policies will be to enhance the trustworthiness of cyber systems and provide a sound basis for liability in cases of security and privacy breaches in them. The framework will be supported by a platform of tools enabling an integrated risk cyber system security risk analysis, certification and cyber insurance, based on the analysis of objective evidence during the operation of such systems.
CyberSure will develop its cyber insurance platform at TRL-7 by building upon and integrating state of the art tools, methods and techniques. These will include: (1) the state of the art continuous certification infrastructure (tools) for cloud services developed by the EU project CUMULUS; (2) the risk management tool of NIS enhanced by the NESSOS risk management methodology; and (3) insurance management tools of HELLAS.
The development of the CyberSure platform will be driven by certification, risk analysis and cyber insurance scenarios for cyber system pilots providing cloud and e-health services. Through these, CyberSure will address the conditions required for offering effective cyber insurance for interoperable service chains cutting across application domains and jurisdictions.

Fields of science (EuroSciVoc)

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Keywords

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Programme(s)

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Topic(s)

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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

MSCA-RISE - Marie Skłodowska-Curie Research and Innovation Staff Exchange (RISE)

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-MSCA-RISE-2016

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Coordinator

IDRYMA TECHNOLOGIAS KAI EREVNAS
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 297 000,00
Address
N PLASTIRA STR 100
70 013 IRAKLEIO
Greece

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Region
Νησιά Αιγαίου Κρήτη Ηράκλειο
Activity type
Research Organisations
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 297 000,00

Participants (5)

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