FINSEC

Project Summary

FINSEC is a joint effort of prominent stakeholders in the financial sector and global leaders in physical & IT security, towards introducing a novel standards-based Reference Architecture (RA) for integrated (cyber & physical) security. The RA will enable timely preparation against attacks, while at the same time facilitating stakeholders’ collaboration for risk assessment/mitigation in the financial supply chain, as a means of confronting complex threats and their cascading effects. FINSEC will provide a mature implementation of the RA, based on the enhancement and integration of novel solutions of the partners which will be bundled in a toolbox. The RA implementation and the toolbox will be validated through realistic pilots involving stakeholders in the identification, assessment and mitigation of threats. The five pilots involve high-impact scenarios including SWIFT network protection, buildings and ATM networks security, peer-to-peer payments network protection, risk assessment for insurance purposes and securing financial SMEs. Towards maximum impact, FINSEC will establish an ecosystem of security solutions for the financial sector, which will be supported by the partners’ dense network of sales, marketing, standardization and regulation channels worldwide.

Our role

SingularLogic involvement in FINSEC will be centered on the collaborative security functionalities and tools of the project, including tools and techniques for security in the financial supply chain. In particular, SingularLogic will be in charge of contributing and customizing its collaborative security system and tools (developed in the CYSM project and enhanced in the MITIGATE project) to the needs of critical infrastructures in the financial sector. Hence, SingularLogic will actively participate in the customization and adaptation of the collaborative security tools to the FINSEC reference architecture. Moreover, SingularLogic will have the leading role in the development of the market platform infrastructure of the project, based on its experience in developing on-line marketplaces.