SUNDAY, 16 JAN 2022

 

CONNECT

Facebook Linked In Twitter
IMH LTD

Boris Johnson Battles For Political Survival Amid More Claims Of Downing Street Parties

Von der Leyen Expects EU Deal on Rules for Women in Boardrooms

IMH LTD

BUSINESS

brought to you by Deloitte

eBOS Leads The R&D Way In Cyber Defence, By Putting Cyprus On The European Defence Map

eBOS Leads The R&D Way In Cyber Defence, By Putting Cyprus On The European Defence Map

 

eBOS Leads The R&D Way In Cyber Defence, By Putting Cyprus On The European Defence Map

Through its participation as the coordinator of the new “HERMES” project, eBOS is placed among the six Cypriot SMEs that were selected to participate in five projects of the European Commission’s European Defence Industrial Development Programme (EDIDP) for 2020.

The HERMES project - Advanced Design of the HERMES Data Exchange Platform supporting the Cyber Defence of Autonomous Military Systems - is another major achievement of the company’s Research and Development (R&D) department, in the successful journey of eBOS.

On August 26th, 2021, the Cyprus Ministry of Defence hailed this as a significant success for local R&D in the sector and underlined that Cyprus can contribute in a concrete way to the development of Europe’s defence potential. “The participation of Cypriot companies will contribute to developing local defence research, innovation and technology and at the same time create opportunities for new job creations”, the Ministry added.

HERMES is a 24-month EU-funded project with total funding of €2.5M. The consortium is composed of 4 SMEs (GT Cyber Technologies - Estonia, ITTI Sp. Z.o.o. - Poland, Invisible Things Lab GmbH - Germany and eBOS – Cyprus, as the Coordinator) with strong expertise in software development and cybersecurity.

HERMES was launched on December 1st. It focuses on the design of the HERMES Data Exchange Platform for the Cyber Defence of Autonomous Military Systems. Its specific objectives are to:

  • Enable automation and autonomy in cybersecurity operations;
  • Improve controlled information sharing of high-quality cybersecurity data; and
  • Facilitate burden-sharing collaboration and outsourcing of cybersecurity data management.

As a system, HERMES provides a foundation that addresses the challenges of overloading a cybersecurity system with poor quality, untimely, and irrelevant cybersecurity information:

  • For the benefit of cybersecurity experts, HERMES will help manage the breadth and depth of cybersecurity knowledge necessary for cyber information superiority.
  • For cybersecurity systems, HERMES will help feed data to cybersecurity applications, increasing their ability to inter-operate and function autonomously.

HERMES also addresses the need for improved sharing and exploitation of cybersecurity data and information. 

eBOS, apart from its project coordination role, will lead the project's quality assurance, ensuring high standard and quality outputs, and also act as the project’s Innovation manager, leading activities for identifying and maximising the impact of key exploitable results of the project. In addition, eBOS participates to the feasibility study, design, and technical implementation of the HERMES Data Exchange Platform and to the dissemination and commercialisation activities of the project's key outcomes.

HERMES has received funding from the European Defence Industrial Development Programme (EDIDP). Project Identifier EDIDP-SME-2020-099-HERMES

 

MORE ON BUSINESS

Double-Digit Increase Of RSM Global Revenue

On 11 January 2022, RSM, the leading global audit, tax, and consulting network, announced ...

ECOMMBX: e-Money Matters

The value and benefits of foreign direct investment – in any country – cannot be ...

ECOMMBX: Steady as you go

ECOMMBX specializes in the transactional side of financial technologies through the ...

FROM AROUND GOLDNEWS

   

U.S. Venture Capital Deals Notched All-Time High Of US$330 Billion In 2021

Venture capital dealmaking in the United States reached an all-time high in 2021 at nearly US$330 billion, buoyed by excess liquidity and an accommodative ...
   

Boris Johnson Battles For Political Survival Amid More Claims Of Downing Street Parties

There is renewed pressure on Britain's beleaguered Prime Minister Boris Johnson amid more claims that his Downing Street staff held parties while the country ...
   

GOLD New Issue: Art for the Economy’s Sake

Art has grown into an asset class for investors, with collectors unavoidably taking a work’s financial implications into account. In this first issue ...
   

Hellenic Life Introduces Smart Plan

Hellenic Life has rolled out Smart Plan, its new insurance investment plan offering customers the option to invest the single premium. Smart Plan covers a ...
   

Commercial Flights In Cyprus In December 2021 Only 9 Percent Lower Compared To December 2019

Cyprus was the country with the third lowest reduction (9%) in commercial flights in December 2021 when compared to December 2019 and the period before the ...
   

Full Steam Ahead For The 'ETYFA PROMETHEAS'

Works on the ETYFA flagship project, which will supply clean natural gas to Vassilikos Power Station, continue unabated in spite of the terrible global ...
   

Von der Leyen Expects EU Deal on Rules for Women in Boardrooms

The European Commission president has said she is increasingly optimistic that Europe will unblock long-delayed legislation this year aimed at boosting ...
   

Building Permits Up 17.3 Percent In The First Ten Months Of 2021, While Value Drops 8.2 Percent

Building permits issued in the first ten months of 2021 increased 17.3%, in relation to the same period of 2020, according to data released Thursday by the ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

gold_january_2022
Enter_Cy_10/20-4/23

IMH LTD