This October marks the EU’s 8th European Cybersecurity Month, promoting online security among citizens. In light of this occasion, SOTER is delighted to announce its virtual workshop “Cybersecurity in finance”, which will take place on 30 October 2020.
SOTER will be joined by several other H2020 projects tackling cybersecurity, including CRITICAL-CHAINS, FIN-TECH, FINSEC, CyberSec4Europe, CONCORDIA and SPARTA (CAPE Programme), to exchange knowledge, lessons learned and best practices on cybersecurity with a focus on the financial sector.
The first part of the workshop will highlight how the different projects are tackling cybersecurity in this sector, followed by a panel discussion on Regulations, Cybersecurity, Digital Identity, & Training. For more details, download the event agenda here.
The workshop is free and open to all stakeholders in the financial services sector and anyone with an interest in cybersecurity.
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SOTER aims to improve cybersecurity practices within the financial sector, taking a holistic research approach, combining technological development with human factor-based cybersecurity training.
The project is developing a biometric-based identification and authentication digital onboarding platform designed to enhance information security, data privacy, and cybersecurity practice, coupled with a sector-specific training programme to raise awareness about the importance of cybersecurity for employees in the financial sector.
CONCORDIA has a dedicated consortium of more than 50 partners whose purpose is to lead Europe’s cybersecurity future, providing excellence and leadership in technology, processes and services to establish a user-centric EU-integrated cybersecurity ecosystem for digital sovereignty in Europe.
The project is leading the integration of Europe’s excellent cybersecurity competencies into the network of expertise to build the European secure, resilient and trusted ecosystem.
Critical-Chains is a 3-year research and innovation programme funded with the support of the European Commission Horizon 2020 Programme with a focus on IoT & Blockchain-Enabled Security Framework for Fintech Integrated New Generation Cyber-Physical Systems to support the Financial Sector. The Critical-Chains Consortium represents strong chemistry of relevant expertise and an inclusive set of stakeholders comprising end-users (customers), CERTS, the financial sector (Banks & CCPs) and the Insurance sector.
CyberSec4Europe is designing, testing and demonstrating potential governance structures for a future European Cybersecurity Competence Network using best practice examples derived from concepts like CERN as well the expertise and experience of partners.
CyberSec4Europe is working towards harmonising the journey from the development of software components that fit the requirements identified by a set of short- and long-term roadmaps, leading to a series of consequent recommendations. These are tied to the project’s real-world demonstration use cases that address cybersecurity challenges within the vertical sectors of digital infrastructure, finance, government and smart cities, healthcare and transportation.
FINSEC is a Security Innovation project co-Funded by the European Commission in the scope of the H2020 Programme, whose aims are to develop, demonstrate and bring to market an integrated, collaborative and predictive approach to the security of critical infrastructures in the financial sector. Joining the efforts of security experts, IT experts and financial organizations, FINSEC will introduce, implement and validate a novel reference architecture for integrated physical and cybersecurity of critical infrastructures, which will enable handling of dynamic, advanced and asymmetric attacks, while at the same time boosting financial organizations’ compliance to security standards and regulations. Also, as a result, FINSEC will provide a blueprint for the next-generation security systems for the critical infrastructures of the financial sector.
The FIN-TECH project financed under the EU’s Horizon 2020 funding scheme, builds a fintech risk management platform, which measures risks to make fintech innovations sustainable. A platform that provides shared risk management solutions that automatize compliance of Fintech companies (RegTech) and, at the same time, increases the efficiency of supervisory activities (SupTech).
The main objective of the project will be achieved by creating a knowledge exchange hub which will eventually, in the future, lead to a sandbox research laboratory aimed at developing and testing common fintech risk management models.
The project network includes 1) 24 research partners, who will develop the models; 2) the international regulators (FSB, BIS, IMF, OECD, EC, EBA, ESMA, EIOPA, ECB), who will prioritise the models; 3) the national supervisors of all EU countries, who will be trained in suptech workshops; 4) European fintech hubs, whose fintechs will be trained in regtech workshops; 5) European banks and advisory board members, who will validate the developed models.
SPARTA – CAPE Programme
SPARTA will create a long-lasting community capable of collaboration to define, develop, share, and evolve solutions that will help practitioners prevent cybercrime and enhance cybersecurity.
The CAPE research programme addresses the assessment of cybersecurity properties for software, with a focus on two specific areas, cyber-physical systems and complex systems of systems. For cyber-physical systems, the project’s objective is to propose a method to jointly specify security and safety properties, called security-safety codesign.
These projects have received funding from the European Union’s Horizon 2020 research and innovation programme.
Author: Corinna Pannofino, Trilateral Research