Press Release

Catastrophe modelling firm AIR Worldwide to participate in the Cyber-MAR project, officially launched in Porto Cheli, Greece in September 2019. Cyber-MAR is an EU-funded H2020 innovation action that addressed the call SU-DS01-2018 of the H2020 Programme and consists of 13 partners from 8 EU countries, united in their vision to boost cyber preparedness in the maritime sector.

“Nearly 90% of the world trade flows through the sea, and possible cyber-attacks on ports pose a significant threat to local and global economies,” said Scott Stransky, vice president & director of emerging risk modeling at AIR Worldwide. “To understand this emerging interconnected risk, AIR will contribute to Cyber-MAR’s objectives by leveraging our supply chain risk modelling capabilities to assess the impact of different cyber-attack scenarios on ports and the resulting impact on global businesses. For this purpose, AIR will develop an econometric model that accounts for global interdependencies across supplier networks, risk hot-spots, and trade flows of different product groups across different regions.”

The aim of Cyber-MAR, coordinated by the Institute of Communication & Computer Systems (ICCS), is to fully unlock the value of the use of cyber range in the maritime logistics value chain via the development of an innovative simulation environment. The Cyber-MAR platform is both a knowledge-based platform and a decision support tool to cybersecurity measures, by deploying novel risk analysis and econometric models.

Through Cyber-MAR, the maritime logistics sector can increase their cyber-awareness level and minimizing their business disruption potential. Similarly, (re)insurers can use this platform to stress-test their policies and portfolios to develop underwriting and portfolio management guidelines.

Stransky continued, “The quantitative risk modelling framework developed by AIR will be an advancement on traditional qualitative methods, enabling insurance, reinsurance, corporations, and governments to make better informed risk management decisions. Closing the protection gap before the next catastrophic supply chain disruption is key for businesses to stay resilient against these emerging interconnected risks.”

For more information: www.cyber-mar.eu

Editor Notes:

Duration:
1 September 2019 - 31 August 2022 (36 months)

This project has received funding from the European Union’s Horizon 2020 re-search and innovation programme under Grant Agreement no 833389. Content reflects only the authors’ view and European Commission is not responsible for any use that may be made of the information it contains.

Project Coordinator:
Dr. Angelos Amditis
Institute of Communications
& Computer Systems - ICCS
a.amditis@iccs.gr

Dissemination Manager:
Ms. Evangelia Latsa
SEAbility ltd-SEAB
adm@seability.eu

Partners:
1.  INSTITUTE OF COMMUNICATION AND COMPUTER SYSTEMS
2.  NAVAL GROUP
3.  Teknologian tutkimuskeskus VTT Oy
4. STATHMOS EMPOREVMATOKIVOTION PEIRAIA AE
5.  DIATEAM
6.  FUNDACION DE LA COMUNIDAD VALENCIANA PARA LA INVESTIGAC-TION, PROMOCION Y ESTUDIOS COMERCIALES DE VALENCIAPORT
7.  WORLD MARITIME UNIVERSITY
8.  FONDAZIONE ISTITUTO TECNICO SUPERIORE MOBILITA SOSTENIBILE NEI SETTORI TRASPORTI MARITTIMI E DELLA PESCA-ACCADEMIA ITALIANA DELLA MARINA MERC
9.  UNIVERSITY OF PLYMOUTH
10.  ATOS SPAIN SA
11.  NAYTILIAKES METAFORIKES KAI EPIKOINONIAKES EPIXEIRISEIS SEABIL-ITY EPE
12.  PIRAEUS EUROPE ASIA RAIL LOGISTICS ANONIMI ETAIREIA DI-AHEIRISIS EFODIASTIKIS ALYSIDDAS
13.  VERISK ANALYTICS GMBH / AIR Worldwide
 
Total Funding:

approx. €7 million

EC contribution:
approx. €6 million

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