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SECONDO SIGNED

a Security ECONomics service platform for smart security investments and cyber insurance pricing in the beyonD 2020 netwOrking era

Total Cost €

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EC-Contrib. €

0

Partnership

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Project "SECONDO" data sheet

The following table provides information about the project.

Coordinator
UNIVERSITY OF PIRAEUS RESEARCH CENTER 

Organization address
address: GR. LAMPRAKI 122
city: PIRAEUS
postcode: 185 32
website: http://www.ict-onefit.eu/

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Greece [EL]
 Total cost 1˙600˙800 €
 EC max contribution 1˙600˙800 € (100%)
 Programme 1. H2020-EU.1.3.3. (Stimulating innovation by means of cross-fertilisation of knowledge)
 Code Call H2020-MSCA-RISE-2018
 Funding Scheme MSCA-RISE
 Starting year 2019
 Duration (year-month-day) from 2019-01-01   to  2022-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    UNIVERSITY OF PIRAEUS RESEARCH CENTER EL (PIRAEUS) coordinator 276˙000.00
2    TECHNOLOGIKO PANEPISTIMIO KYPROU CY (LEMESOS) participant 276˙000.00
3    UBITECH LIMITED CY (LIMASSOL) participant 276˙000.00
4    UNIVERSITY OF GREENWICH UK (LONDON) participant 257˙600.00
5    KROMAR MESITES ASFALEION MONOPROSOPI EPE EL (MAROISI) participant 220˙800.00
6    LSTECH ESPANA SL ES (BARCELONA) participant 165˙600.00
7    FOGUS INNOVATIONS & SERVICES P.C. EL (KAISAIRIANI) participant 110˙400.00
8    UNIVERSITY OF SURREY UK (GUILDFORD) participant 18˙400.00

Map

 Project objective

SECONDO addresses the question “How can decisions about cyber security investments and cyber insurance pricing be optimised?” SECONDO will support professionals who seek cyber security investments, developed to support human decision making, and a complete well-founded security strategy. This is a timely research problem, as the rapid growth of cyber-attacks is expected to continue its upwards trajectory. Such growth presents a prominent threat to normal business operations and the EU society itself. On the other hand, an interesting, well-known, finding is that an organisation's computer systems may be less secure than a competitor's, despite having spent more money in securing them. Budget setting, cyber security investment choices and cyber insurance, in the face of uncertainties, are highly challenging tasks with massive business implications. SECONDO aims to make impact on the operation of EU businesses who often: (i) have a limited cyber security budget; and (ii) ignore the importance of cyber insurance. Cyber insurance can play a critical role to the mitigation of cyber risk. This can be done by imposing a cost on firms' cyber risk through a premium that they have to pay and the potential for paying a smaller premium should they reduce their current cyber security risk. SECONDO has a cross-disciplinary nature, combining mathematical and engineering insights to empower innovative software. Apart from the novel research results, the project will offer a software platform to narrow the gap between theoretical understanding and practice. To achieve this, the four industrial project partners will i) lead the part of the project where industrial needs will be entered as input to the requirements collection phase, and, ii) provide their innovative software for risk assessment. The three academic partners will work together to i) design and thoroughly describe the proposed methodologies, but also ii) contribute to their software development.

 Deliverables

List of deliverables.
Progress report 1 Documents, reports 2020-03-19 14:40:12
Technical Requirements, Business Cases and Reference Architecture Documents, reports 2020-03-19 14:40:12
Data management plan Open Research Data Pilot 2020-03-19 14:40:12
Quality Assurance Plan Documents, reports 2020-03-19 14:40:12

Take a look to the deliverables list in detail:  detailed list of SECONDO deliverables.

 Publications

year authors and title journal last update
List of publications.
2019 Sakshyam Panda, Daniel W Woods, Aron Laszka, Andrew Fielder, Emmanouil Panaousis
Post-incident audits on cyber insurance discounts
published pages: 101593, ISSN: 0167-4048, DOI: 10.1016/j.cose.2019.101593
Computers & Security 87 2020-03-19

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The information about "SECONDO" are provided by the European Opendata Portal: CORDIS opendata.

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