The EU project aims to provide a cyber-risk management framework to assess, monitor and mitigate cyber risks
Aon Risk Solutions is to work on a new EU initiative on cyber risk.
It will be a partner on the WISER (Wide Impact Cyber Security Risk Framework) project, part of the EU’s Horizon 2020 research and innovation programme.
Horizon 2020 has €80billion of funding available over seven years and is aimed at securing Europe’s future global competitiveness.
Bill Peck, chief commercial officer, Aon Risk Solutions, EMEA, said: “It is a great privilege to be the only financial services organisation selected by the European Commission to partner with them on their WISER cyber resilience project.
“Growing business concern about cyber risk was recently highlighted in Aon’s Global Risk Management Survey. Working with the European Commission will ensure that business, government and legislators’ priorities are aligned to commercial needs across the EU, as this emerging risk continues to develop.”
By 2017, WISER will provide a cyber-risk management framework to assess, monitor and mitigate cyber risks – with Horizon 2020 aiming to put cyber-risk management at the heart of good business practice.
The WISER risk platform targets critical infrastructures or highly complex cyber systems which demand real-time and cross-system assessment of vulnerabilities and threats. WISER’s analytical tools are aimed at helping risk professionals to better understand complex systems.
WISER will carry out three full-scale pilots allowing organisations managing critical infrastructures to not only anticipate threats in real-time, but also comply with new EU regulations for reporting serious attacks.