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Greek Risk Management Company Awarded by the European Defense Agency

Greek Company European Defense Agency
Representatives of Cyber Noesis receive the prestigious award. Credit: European Defense Agency (EDA)

A Greek company was recently awarded a pan-European distinction by the European Defense Agency (EDA) for its innovative work on artificial intelligence (AI) and risk management.

Cyber Noesis based in Athens won the “Defence Innovation Prize 2023” competition, in the “Technologies for Communication and Information Systems” category.

The proposed solution by the Greek company was submitted in collaboration with the Internet Services and Information Security Laboratory of the International University of Greece and was entitled “AI–assisted dynamic risk management for context–aware access control in Zero Trust Architectures”.

It introduces an innovative approach to protecting organizations’ resources against existing and emerging cyber threats by combining three key research areas: Zero Trust Architecture (ZTA), Threat Intelligence Management and Dissemination in cyberspace (Cyber Threat Intelligence) and Dynamic Risk Management.

The enhancement of Zero Trust Architectures aims to control access and make decisions based on the existing level of risk. The proposed dynamic risk management, using artificial intelligence, aims to improve conditional access by considering (near) real-time information on both threats and vulnerabilities.

The solution is expected to enhance the security of military communication systems and ensure the effectiveness of critical military operations.

The rise of the Greek company and European Defense Agency recognition

Cyber Noesis, established in 2015 by a group of cyber security specialists with vast experience in enterprise, industrial and telecommunications fields, provides professional advisory services to achieve compliance against demanding legal & regulatory frameworks and effectively improve the corporate security posture.

Its mission is to fortify critical infrastructure security with the use of a holistic information security management framework, which incorporates staff training and promotes raising awareness on information security issues.

Cyber Noesis has delivered a multitude of successful information security projects to major financial institutions, utilities & governmental organizations, manufacturing and transportation organizations, maritime companies, as well as international organizations that are based in Greece, Cyprus, UK, UAE, Israel, and Singapore.

The team has cross-industry international exposure in 15 countries in Europe, the Middle East, and North Africa. Members of its team, have led more than 80 projects and some of the members are heavily involved in academic research.

The European Defence Agency organizes the Defense Innovation Prize, which rewards companies and research entities that come up with technologies, products, processes or services applicable to the defense domain.

The contest promotes defense innovation in Europe and provides civilian industries, small and medium-sized enterprises (SMEs), research organizations and universities, among others, with an opportunity to showcase their know-how.

Related: Top Scientists Selected to Advance Artificial Intelligence in Greece

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