WISER is a new European initiative that puts cyber-risk management at the very heart of good business practice, benefitting multiple industries in particular critical infrastructure and process owners, and ICT-intensive SMEs. Kicking off in June 2015, by 2017 WISER will provide a cyber-risk management framework able to assess, monitor and mitigate the risks in real time.
This will be delivered in two ways: a pre-packaged risk management solution for SMEs, and Risk Management Platform as a Service (RMPaaS) mode of operation for critical infrastructures or highly complex cyber systems requiring the implementation of special controls within the ICT system to be monitored.
The multi-faceted nature of cyberspace means that dealing with cyber risks at all levels of an organisation’s structure requires a multi-staged methodology to continuously , consistently and appropriately govern cyber strategy. Pedro Soria-Rodriguez, Atos, coordinates the WISER project says “WISER addresses this very issue. It goes beyond the current state of the art to offer a novel and agile cyber-risk management framework  for modern ICT systems. The integrated approach to control mitigating activities will address cyber-security threats and their consequences in critical information infrastructure and empower decision makers in public and private organisations to assess cyber-risk effectively”.