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Enterprises intangible Risks Management via Economic models based on simulatioN of modErn cyber-aTtacks

Objective

IT security and risk management often ignore or underestimate the human factor (psychological, behavioural, societal, organisational and economic aspects) in the identification of cyber-risks, their quantitative economic impact and the costs of countermeasures. Cyber-attacks can harm intangible assets like reputation, IPR, expertise, and know-how. And there is severe imbalance between the efficiency of attacks and inadequate defences, due in part to the lack of quantitative information for decision makers to prioritise security investments.
To foster a culture of risk management by an individual organisation or a complete sector, HERMENEUT answers: What is the real fallout of a data compromise and the long-run consequences on associated assets? What are the losses for intangible assets? Do other type of attacks (beyond data breach) severely impact intangible and tangible assets?
HERMENEUT assesses vulnerabilities of organisations and corresponding tangible and intangible assets at risk, taking into account the business plans of the attacker, the commoditisation level of the target organisations, the exposure of the target and including human factors as well as estimating the likelihood that a potential cyber-attack exploits identified vulnerabilities. HERMENEUT’s cyber-security cost-benefit approach combines integrated assessment of vulnerabilities and their likelihoods with an innovative macro- and micro-economic model for intangible costs, delivering a quantitative estimation of the risks for an organisation or a business sector and investment guidelines for mitigation measures. 11 partners from 6 countries deliver an innovative methodology and advanced macro- and micro-economic models and make it available to the European research community. HERMENEUT implements its innovations in a decision support tool, tested with 2 users in healthcare and an IPR-intensive industry.

Call for proposal

H2020-DS-SC7-2016
See other projects for this call

Coordinator

ENGINEERING - INGEGNERIA INFORMATICA SPA
Address
Piazzale Dell'agricoltura 24
00144 Roma
Italy
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 290 108,75

Participants (11)

CEFRIEL SOCIETA CONSORTILE A RESPONSABILITA LIMITATA
Italy
EU contribution
€ 224 065
Address
Viale Sarca 226
20126 Milano
Activity type
Research Organisations
PROPRS Ltd.

Participation ended

United Kingdom
EU contribution
€ 76 403,75
Address
Hurst Rise Road 58
OX2 9HQ Oxford
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
DEEP BLUE SRL
Italy
EU contribution
€ 296 987,50
Address
Via Ennio Quirino Visconti 8
00193 Roma
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
PAGNANELLI RISK SOLUTIONS LIMITED

Participation ended

United Kingdom
EU contribution
€ 6 437,50
Address
37 Commercial Road
E1 1LF London
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
DEDALUS ITALIA S.P.A.
Italy
EU contribution
€ 138 875
Address
Via Di Collodi 6C
50141 Firenze
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
DIGITAL CATAPULT
United Kingdom
EU contribution
€ 167 325
Address
Level 9 101 Euston Road
NW1 2RA London
Activity type
Research Organisations
BRANDENBURGISCHES INSTITUT FUR GESELLSCHAFT UND SICHERHEIT GGMBH
Germany
EU contribution
€ 176 375
Address
Dianastrasse 46
14482 Potsdam
Activity type
Research Organisations
UNIVERSITE PARIS-SACLAY
France
EU contribution
€ 293 831,25
Address
Batiment Breguet - 3 Rue Joliot Curie
91190 Gif-sur-yvette
Activity type
Higher or Secondary Education Establishments
EUROPEAN ORGANISATION FOR SECURITY
Belgium
EU contribution
€ 138 812,50
Address
Avenue Des Arts 46
1000 Bruxelles
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
ELTA SYSTEMS LTD
Israel
EU contribution
€ 140 000
Address
100 Yitzhak Hanassi Blvd
77102 Ashdod
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
ZENABYTE SRL
Italy
EU contribution
€ 58 471,25
Address
Via Cesarea 2
16121 Genova
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)