thinking beyond insurance - the future of eu cyber security & technology
TRANSCRIPT
WISER has received funding from the European Union’s Horizon 2020 research and innovation programme under the Grant
Agreement no 653321. The content of this presentation does not represent the opinion of the European Union, and the European
Union is not responsible for any use that might be made of such content.
Thinking Beyond Insurance - the future of EU cyber & technologyGiorgio Aprile – Head of Financial Institutions in Italy
Prepared by AonAon SpA | Financial Institutions Risk Advisory | October 2015
Prepared by AonAon SpA | Financial Institutions Risk Advisory | Proprietary & Confidential - October 2015
Why we need a digital single market in the EU
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Source: https://ec.europa.eu/digital-agenda/en/digital-single-market
SOLUTIONS NEEDED:
THREE PRIORITY AREAS
Prepared by AonAon SpA | Financial Institutions Risk Advisory | Proprietary & Confidential - October 2015
But one threat jeopardises this huge potential: Cyber Risk
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Source: https://ec.europa.eu/digital-agenda/en/pillar-iii-trust-security#Our Actions
Only 12% of European web users feel
completely safe making online transactions.
Threats such as malicious software and online
fraud unsettle consumers and dog efforts to
promote the online economy.
The Digital Agenda proposes a number of
practical solutions, including a coordinated
European response to cyber-attacks and
reinforced rules on personal data protection.
Prepared by AonAon SpA | Financial Institutions Risk Advisory | Proprietary & Confidential - October 2015
Horizon 2020: financing research & innovation to tackle Cyber Risk
http://ec.europa.eu/programmes/horizon2020/#
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80 Bln TotallyExcellent
ScienceSocietal
Challenges
Industrial
Leadership
Basic
Research
Demonstration
Technology
R&D
Large Scale
Validation
Prototyping
Market
Uptake
Pilots
Prepared by AonAon SpA | Financial Institutions Risk Advisory | Proprietary & Confidential - October 2015
Horizon 2020: Work programme on Secure Society (“SC7” calls)
Key concepts1:
– Secure society – Protecting freedom and security of
Europe and its citizens
– Address the economic and societal dimension of security
and privacy in the digital ecosystem
– Secure and increase trust in the digital society
– Demonstrate the viability and maturity of state-of-the-art
solutions
Key drivers:
– Technology: Big Data; Cloud computing; Internet of Things;
Future Internet and 5G
– Policy: Finance, banking; Digital services; Smart cities;
Intelligent Transport System; eHealth
1 Source: Pierre Chastanet “Introduction - The role of research to innovation (RTI) in the EU cybersecurity strategy” available at https://www.cspforum.eu/graphics/2015/speakersfiles/CSP%20innovation%20forum%20-%20Track%201%20EC%20presentation.pdf
Focus on
Cybersecurity
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Prepared by AonAon SpA | Financial Institutions Risk Advisory | Proprietary & Confidential - October 2015
What is WISER?
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WISER is a European collaborative innovation action to tackle
cyber-risk
WISER is an innovative cyber-risk management framework
WISER is a 30 months project started in June 2015
Collaboration Innovation
European
Market
Oriented
Real Time SMEs
Democratic
Awareness
Keywords
Risk
Management
Platform as
a Service
Prepared by AonAon SpA | Financial Institutions Risk Advisory | Proprietary & Confidential - October 2015
Project partners
7 funded partners
10 external partners
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Prepared by AonAon SpA | Financial Institutions Risk Advisory | Proprietary & Confidential - October 2015
Why Aon with WISER
Lead the transformation of risk management practices to deal with a
different wave of threats
Fully understand cyber risk and its peculiar characteristics: • Fast changing exposure
• Relationship with the business model
• Relationship with media exposure
• Potentially backed by hostile countries or organised crime
From a passive to an active role in protecting our customers
Understand cyber risk exposure to negotiate fair pricing and avoid
adverse selection in the insurance market
Actively participate to the Digital Agenda for Europe and the future
of the Digital Single Market
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Prepared by AonAon SpA | Financial Institutions Risk Advisory | Proprietary & Confidential - October 2015
WISER service delivery operating models
Basic
Non-Intrusive
Advanced
Registration and basic data required to Clients
WISER tests vulnerabilities from the outside
Provides basic benchmarking
Detailed business and IT infrastructure data required
Model selection based on WISER suggestion or tailored
Sensors installation at the network layer level
Real time exposure calculation Monitoring Mitigation options considered WISER team limited support
Detailed business and IT infrastructure data required
Possibility to implement Client’s models
Possibility to perform cost/benefit analysis on the base of Client’s indications
Sensors installation at the application layer level
RequiredInteraction
Real time exposure calculation Monitoring Mitigation cost benefit
calculations WISER team full involvement
Complexity of WISER Operating Model
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Prepared by AonAon SpA | Financial Institutions Risk Advisory | Proprietary & Confidential - October 2015
WISER Logic
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Prepared by AonAon SpA | Financial Institutions Risk Advisory | Proprietary & Confidential - October 2015
Contacts
Giorgio Aprile
Head of Financial Institutions - Italy
Via Andrea Ponti 8/10
20143 Milano
+39 02 45434.092
www.cyberwiser.eu
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