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.
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
CEO fraud scam by China hackers forces investment fund to shut down
In 2016 SS&C Technologies, a financial services software firm, was sued after allegedly falling for a CEO fraud scam […]
Hermeneut meeting in Tel Aviv
Hosted by Elta, today the Hermeneut Consortium gathered in Tel Aviv (Israel) for a project meeting.
The […]