Introduction
Enterprises intangible Risk Management via Economic models based on simulation of modern cyber attacks (Hermeneut) is a Horizon 2020 research and innovation project focusing on economics of cyber security.
Cyberattacks can harm intangible assets like reputation, Intellectual Property Rights, expertise, and know-how. There is a great disparity between the efficiency of attacks and inadequate defences, partly due to the lack of quantitative information for decision makers to prioritise security investments.
Fostering a culture of risk management, Hermeneut provides individual organisations as well as business sectors with an innovative methodology for the dynamic assessment of their vulnerabilities and corresponding tangible and intangible assets at risk.
In a nutshell
Key facts
Hermeneut’s cybersecurity cost-benefit approach to risk assessment 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 individual organisations or a business sector and investment guidelines for mitigation measures.
Latest news
Impact of mitigation measures on intangibles: Bank of Valletta
The Bank of Valletta (Malta) has deliberately shut down all functions to mitigate the effects of a cyberattack. […]
VFEmail service provider hacked: what impact on intangibles?
Hackers have breached the servers of email provider VFEmail.net and wiped the data from all its US servers, […]
Highlights from the 1st Hermeneut Policy Workshop: “Cyberrisk in the Healthcare sector”
The HERMENEUT project launched two Cyber-Policy Labs aimed at bringing together key sectoral stakeholders tackling cyber risk for […]
The role of intangible assets in the modern cyber threat landscape: our article for the European Cybersecurity Journal
Today, targeted cyberattacks are elusive and evasive, rendering monolithic defence strategies not efficient anymore. Cybercriminals exploit “low-and-slow” attacks, […]