European Investment Bank: The Creation of a Methodology to Identify Cyber Security Related Investments

EU

Challenge

The European Investment Bank required help to formulate a way of identifying the parts of projects, which can be considered to be ‘cybersecurity’ related, and to quantify those parts.

The main goals of the assignment were the following:

  • To undertake a review of the EIB’s sectoral notes that establish which types of cybersecurity related investments are eligible on the basis of the sectoral lending policies.
  • To refine the thinking/approach outlined in the notes, based on NRD Cyber Security’s experience in cybersecurity and propose an alternative approach if appropriate.
  • To quantify cybersecurity related investments for each project type in the different sectors and provide a methodology that could also be applied to other financiers and project promoters.
  • To confirm quantified figures through a targeted project promoter engagement, which will be managed by the Bank and by one or two other potential financing institutions.

Solution

NRD Cyber Security developed the following:

  • An approach for identifying cybersecurity related investments for each project type in the different sectors.
  • A report showing the cybersecurity related components of investment projects and their costs.
  • A definition of the most suitable metrics, and default values of cybersecurity related investments for each project type in the different sectors.
  • A final report based on the findings and conclusions of the assignment.

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