Protection And Trust In Financial infrastructures.
The ICT Parsifal project was a 1.5 year project that targeted an objective concerning how to better protect Critical Financial Infrastructures (CFI), but also other information infrastructure that link CFI with other sector Critical Infrastructures (CI) in Europe. This long term vision, PARSIFAL works towards it by setting short-term project objectives, to be fulfilled during the project lifetime, as well as the execution of coordination actions and research road mapping that contribute to an effective and faster fulfilment of this longer-term vision.
The European Programme for Critical Infrastructure Protection (EPCIP) underlines that since various sectors possess particular experience, expertise and requirements with CIP, then EPCIP was developed on a sector-by-sector basis and implemented following an agreed list of CIP sectors. The European Critical Infrastructure Directive puts forward in an Annex a list of 11 critical infrastructure sectors, which includes the financial CI sector.
The PARSIFAL project targeted this objective, concerning how to better protect CFI and information infrastructure that link CFI with other Critical Infrastructure in Europe. This is a long term vision and PARSIFAL is working towards it by setting short-term project objectives, to be fulfilled during the project lifetime, as well as the execution of coordination actions and research road mapping that contribute to an effective and faster fulfilment of this longer-term vision..
What made PARSIFAL different from other initiatives is, primarily, its focused on CFI and the involvement of stakeholders from the financial sector. Secondly, PARSIFAL dedicated special attention to the relationship between the protection of Critical Information Infrastructure (CII) and trust, which is the key business requirement in the financial world. Moreover, specific technological challenges, such as the role of privacy to achieve trust in CFI, the separation of identity from financial applications, or network and service security issues (including IT security policies etc),were at the time not considered and coordinated in relation to the protection of CFI.
1. Brought together CFI and Trust, Security and Dependability (TSD) research stakeholders in order to establish and nurture relationships between the financial sector stakeholders and the ICT TSD RTD communities;
2. Contributed to the understanding of CFI challenges;
3. Developed longer term visions, research roadmaps, CFI scenarios and best practice guides;
4. Co-ordinated the relevant research work, knowledge and experiences.
Refereed Academic Papers
“Challenges for the Protection of Critical ICT-Based Financial Infrastructure”, Bernhard M. Hämmerli & Henning Arendt, Information Security Solutions Europe, ISSE 2008 Securing Electronic Business Processes, pg. 319-326
Non-refereed academic papers
PARSIFAL D2.1 Draft Ontology of Financial Risks & Dependencies Within and Without the Financial Sector V2.0 (Ontologies)
“PARSIFAL: Protection and Trust in Critical Financial Infrastructures”, ECN: European CIIP Newsletter, article announcing the project, Rafael Llarena Gomez, Vol.4, No. 3, December, 2008.
“The Value of Information Security to European Banking Institutions”, Deutsche Telecom study on e-banking security, Bernhard M. Hämmerli, March, 2009.
“Glossary of Terms related to Payment, Clearing, and Settlement Systems”, Jean Yves Gresser, February, 2009. Mr. Gresser’s ontology diagrams have also been published on the ECB website.)