Project of the Week: HERMENEUT - Enterprises intangible Risks Management via Economic models based on simulatioN of modErn cyber-aTtacks

Date: 
17/02/2019

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

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. The project aims at developing modelling of cyberattacks, measuring their intangible impacts both at micro and macro levels and developing simulation approaches to cyber risks management.

 

Watch this video to know more about project HERMENEUT. (Video credit to the project).

To know more about the project you can visit their official website - https://www.hermeneut.eu


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Week: 
Sunday, 17 February, 2019

Project type:

News

Pilots for the European Cybersecurity Competence Networks: how can your SME benefit? - Cyberwatching.eu 6th Webinar -

The four pilot projects involved in the development of the European Cybersecurity Competence Network will present their plans and upcoming tools and services for SMEs in the Cyberwatching.eu webinar on the 2nd of April, 10:00 AM CEST

REGISTER NOW!

 

Future Events

Cyber Insurance and its Contribution to Cyber Risk Mitigation - Leiden March 25-29
25/03/2019 to 29/03/2019
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The rise in both the scale and severity of recent cyberattacks demands new thinking about cybersecurity risk and the mitigation and transfer of that risk. Cyber insurance is one potential way to manage risk by transferring damage liability, but the cyber insurance market is immature and the understanding and actuarial knowledge of cyber-risk is currently underdeveloped.

e-SIDES workshop 2019
02/04/2019
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e-SIDES workshop: Towards Value-Centric Big Data: Connect People, Processes and Technology

BRUSSELS

2 April 2019

10am to 4pm

 

e-SIDES is a research project funded by European Commission H2020 Programme that deals with the ethical, legal, social and economic implications of privacy-preserving technologies in different big data context.