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Authors: Enrico Frumento 1 and Carlo Dambra 2

Affiliations: 1 CEFRIEL Scarl, Politecnico di Milano, Viale Sarca 226, Milano and Italy ; 2 ZenaByte S. R. L., Via Opera Pia 11A, Genova and Italy

Keyword(s): Targeted Attacks, Intangible Assets, Cyber-risk Estimation.

Abstract: This paper presents the funding principles of the HERMENEUT H2020 EU project (www.hermeneut.eu), whose objective is to assess cyber-risk and valuing consequences on both tangible and intangible assets. HERMENEUT innovates with a unique cyber-security cost-benefit analysis approach that combines current attack trends, integrated assessment of vulnerabilities and likelihoods of cyber-attacks with an innovative macro- and microeconomic model of intangible costs, to deliver risk estimations for individual organisations, sectors and the economy. It then suggests options to both apportion cyber-security budget on multiple mitigations and transfer non-tolerable residual risks to cyber-insurance. HERMENEUT also provides a decision support tool to stakeholders and validates it in two industries belonging to two sectors increasingly under cyber-attack: health-care and an Intellectual Property-intensive sector. The HERMENEUT project is now in its second year of life, heading to the proof of the theoretical funding assumptions in the field-tests. (More)

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Paper citation in several formats:
Frumento, E. and Dambra, C. (2019). The HERMENEUT Project: Enterprises Intangible Risk Management via Economic Models based on Simulation of Modern Cyber Attacks. In Proceedings of the 5th International Conference on Information Systems Security and Privacy - ICISSP; ISBN 978-989-758-359-9; ISSN 2184-4356, SciTePress, pages 495-502. DOI: 10.5220/0007413504950502

@conference{icissp19,
author={Enrico Frumento. and Carlo Dambra.},
title={The HERMENEUT Project: Enterprises Intangible Risk Management via Economic Models based on Simulation of Modern Cyber Attacks},
booktitle={Proceedings of the 5th International Conference on Information Systems Security and Privacy - ICISSP},
year={2019},
pages={495-502},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007413504950502},
isbn={978-989-758-359-9},
issn={2184-4356},
}

TY - CONF

JO - Proceedings of the 5th International Conference on Information Systems Security and Privacy - ICISSP
TI - The HERMENEUT Project: Enterprises Intangible Risk Management via Economic Models based on Simulation of Modern Cyber Attacks
SN - 978-989-758-359-9
IS - 2184-4356
AU - Frumento, E.
AU - Dambra, C.
PY - 2019
SP - 495
EP - 502
DO - 10.5220/0007413504950502
PB - SciTePress

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