FINSEC, (Integrated Framework for Predictive and Collaborative Security of Financial Infrastructures), is a flagship project which will develop, demonstrate and bring to market an integrated, intelligent, collaborative and predictive approach to the security of critical infrastructures in the financial sector. To this end, FINSEC will introduce, implement and validate a novel reference architecture for integrated physical and cyber security 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. As a result, FINSEC will provide a blueprint for the next generation security systems for the critical infrastructures of the financial sector.
The infrastructures of the financial sector are nowadays more critical, sophisticated and interconnected than ever before, which makes them increasingly vulnerable to security attacks. Despite increased awareness, most security measures remain fragmented and static and are thus inappropriate for confronting sophisticated and asymmetric attacks.Overall the state of the art security systems and measures in financial organisations exhibit the following limitations: a lack of integration between physical and cyber security systems; poor handling of asymmetric security attacks, including advanced cyber threats; difficulty in compliance with emerging standards and regulations; lack of adequate stakeholders' collaboration; coupling of security systems and processes with business systems and processes.
FINSEC considers the critical infrastuctures of the financial sector as large-scale cyber-physical systems, which must be protected based on a holistic approach that considers both physical security risks and cyber-security risks, along with their interrelationships, interactions and cascading effects across the financial services supply chain. FINSEC will introduce a novel, standards-based Reference Architecture (RA) for combined cyber and physical security of critical infrastructures in the financial services industry. This reference architecture will be integrated, as it will consider critical infrastructures as cyber-physical systems, while integrating technologies and measures for cyber and physical security. It will be driven by standards for cyber security and physical security in general (e.g. ISO 27000 and ISO 28000) and financial services standards (e.g. ISO/TC 68/SC 2). Mechanism for intelligent and adaptive monitoring and data collection will be difined taking in account the physical-cyber security context. It will be both collaborative and participatory as it will allow all participating stakeholders to collaborate in vulnerability assessment, risk analysis, threatidentification and more.
Developing a Proof Of Concept version of an integrated construction process planning and supply chain management toolkit for the efficient delivery of BIM-based DFMA building designs. Built on blockchain it will improve construction productivity across the UK sector.
Working with global financial institutions and technology companies to develop proof of concepts to support KYC/AML checks for individual and corporate on-boarding.
AI and Cyber Security Missions as representatives of the United Kingdom Government to Canada, Israel, United States of America and Singapore. Working with Innovate UK
Big Data lay at the core of the strong data economy that is emerging in Europe. Although both large enterprises and SMEs acknowledge the potential of Big Data in disrupting the market and business models, this is not reflected in the growth of the data economy. The lack of trusted, secure, ethical-driven personal data platforms and privacy-aware analytics, hinders the growth of the data economy and creates concerns. The main considerations are related to the secure sharing of personal and proprietary/industrial data, and the definition of a fair renumeration mechanism that will be able to capture, produce, release and cash out the value of data, always for the benefit of all the involved stakeholders.
DataVaults aims to address this kind of concerns that pertain privacy, ethics and intellectual property rights , by allowing individuals to take ownership and control of their data and share them at will, through flexible data sharing and fair compensation schemes with other entities (companies or not).
Then other projects completed include traceability and provenance in the food and timber industries