FINSEC,
a security innovation action project funded by the
European Commission under the H2020 programme

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 key aspects of the project

Business

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.

Technical

FINSEC will provide a mature implementation of the RA, based on the enhancement and integration of novel solutions of the partners (e.g., Anomaly Detection, AI CCTV Analytics, Risk Assessment Engines, Collaborative Risk Analysis & Management, Compliance), which will be bundled in a toolbox.

Technological

The RA implementation and the toolbox will be validated through realistic pilots involving stakeholders in the identification, assessment and mitigation of threats.

Pilots and Applications

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. The pilots will engage security & finance experts, while providing a representative coverage of the financial services industry (i.e., banking, capital management, insurance, card & P2P payments), which is a sound basis for FINSEC’s broader impact.