23 June 2015
Reporter: Becky Butcher

Aon in new initiative to tackle cyber risk

Aon Risk Solutions has joined an initiative to tackle cyber risk that is funded under the European Commission’s Horizon 2020 programme.

Aon is partnering on the Wide Impact Cyber Security Risk Framework (WISER) project as part of the EU’s Horizon 2020 Research and Innovation programme, which has nearly €80 billion of funding available over seven years.

As part of the Horizon 2020 project, the EU aims to put cyber risk management at the heart of good business practice. By 2017, WISER will provide a framework to assess, monitor and mitigate cyber risks.

Bill Peck, chief commercial officer at Aon Risk Solutions in Europe, the Middle East and Africa, commented: “It is a great privilege to be the only financial services organisation selected by the European Commission to partner with them on their WISER cyber resilience project.”

Giorgio Aprile, director financial industry advisory services at Aon, added: “Aon’s involvement in this WISER project will drive practical business outcomes such as a real time IT assessment platform and a cyber risk exposure model for non-traditional aspects of cyber risk”.

The WISER risk platform targets infrastructures or complex cyber systems, which demand real-time and cross-system assessment of vulnerabilities and threats.

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