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

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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


Read more about Cyberwatchingeu Project of the Week for 18-22 February 2019 on our featured:

 

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Week: 
Sunday, 17 February, 2019

News

On 18 July 2019, Cyberwatching.eu will organize a webinar in collaboration with the GDPR Cluster projects entitled “GDPR compliance in the emerging technologies”.

Future Events

The 14th International Conference on Availability, Reliability and Security (ARES 2019), will be held from August 26 to August 29, 2019 at the University of Kent, Canterbury, UK.

26/08/2019 to 29/08/2019

PROTECTIVE is co-organising the 2nd International Workshop on Cyber Threat Intelligence Management(CyberTIM 2019) as apart of the ARES 2019 conference in the UK on 26-29 August 2019.

26/08/2019 to 29/08/2019