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Supporting Cyberinsurance from a  Behavioural Choice Perspective

Supporting Cyberinsurance from a Behavioural Choice Perspective

Objective

CYBECO will research, develop, demonstrate, evaluate and exploit a new framework for managing cybersecurity risks, one that is focusing on cyberinsurance, as key risk management treatment. CYBECO integrates multidisciplinary research methods from Behavioural Economics, Statistics, Game and Decision Theory, Security Engineering and Behavioral Psychology in order to develop new concepts and models that are combined within a prototype software architecture (CYBECO Toolbox 2.0). CYBECO recognizes that the cyberinsurance domain is not adequately developed, partly due to the lack of sufficiently large statistical data sample and partly due to the difficulties customers face when deciding on their cyberinsurance investment options. CYBECO will address both these barriers, aiming at delivering advances clearly positioned beyond the State-of-the-Art. We plan to implement a prototype tool that will demonstrate and promote the CYBECO model and concepts. We then foresee to perform behavioural experiments to validate current institutional cybersecurity frameworks and to provide relevant policy insights, particularly in reference to behavioural nudges in cybersecurity. The CYBECO consortium is composed by complementary partners, coming from the addressed research, technological and market domains, that have a proven track record of high quality research capacity. Thus, the carefully structured workplan, embodies a holistic approach towards meeting the CYBECO objectives and delivering market-relevant outcomes of significant exploitation potential.
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Coordinator

TREK ANAPTYKSIAKON IPODOMON KE IPIRESION ANONIMI ETERIA

Address

32 Perikleous
15232 Chalandri N Attikis

Greece

Activity type

Other

EU Contribution

€ 276 875

Participants (6)

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AGENCIA ESTATAL CONSEJO SUPERIOR DEINVESTIGACIONES CIENTIFICAS

Spain

EU Contribution

€ 251 250

INTRASOFT INTERNATIONAL SA

Luxembourg

EU Contribution

€ 341 750

DEVSTAT SERVICIOS DE CONSULTORIA ESTADISTICA SL

Spain

EU Contribution

€ 297 875

AXA TECHNOLOGY SERVICES

France

EU Contribution

€ 232 500

TECHNISCHE UNIVERSITEIT DELFT

Netherlands

EU Contribution

€ 354 232,50

UNIVERSITY OF NORTHUMBRIA AT NEWCASTLE

United Kingdom

EU Contribution

€ 229 027,50

Project information

Grant agreement ID: 740920

Status

Closed project

  • Start date

    1 May 2017

  • End date

    30 April 2019

Funded under:

H2020-EU.3.7.4.

  • Overall budget:

    € 1 983 510

  • EU contribution

    € 1 983 510

Coordinated by:

TREK ANAPTYKSIAKON IPODOMON KE IPIRESION ANONIMI ETERIA

Greece