Both DOGANA (social engineering vulnerability framework) and HERMENEUT (vulnerability assessment as a core keyword) demonstrate sustained work in this area.
ELTA SYSTEMS LTD
Israeli security technology company specializing in cyber vulnerability assessment and economic modeling of cyberattack impact for enterprises.
Their core work
ELTA SYSTEMS LTD is an Israeli private security technology company that contributes specialized expertise to cybersecurity research consortia. Their work spans two complementary domains: assessing how human-targeted attacks (social engineering, phishing) expose organizational vulnerabilities, and modeling the economic consequences of cyberattacks on enterprise assets. In DOGANA, they contributed to building frameworks for detecting and countering social engineering threats. In HERMENEUT, they moved further into quantifying the financial and intangible costs of cyber incidents — producing simulation-based decision support tools that help organizations prioritize security investment based on modeled risk exposure.
What they specialise in
HERMENEUT explicitly targets risk modeling and simulation of modern cyberattacks as its core contribution.
HERMENEUT's focus on intangible risks and economic models for cyberattack impact places ELTA in the emerging field of cyber risk economics.
HERMENEUT produced decision support tooling to help enterprises act on simulated risk scenarios.
DOGANA specifically addressed advanced social engineering and the organizational vulnerabilities it exploits.
How they've shifted over time
ELTA's H2020 participation shows a clear progression from technical security tooling toward business-facing risk quantification. Their first project (DOGANA, 2015–2018) was grounded in identifying and modeling how social engineering attacks penetrate organizations — a technically-oriented problem. By the time HERMENEUT launched (2017–2019), the focus had shifted toward economic simulation of cyberattack impacts and quantifying intangible losses, which speaks to a more strategic, boardroom-level framing of cybersecurity. This trajectory suggests ELTA was repositioning its expertise from pure security engineering toward cyber risk advisory and enterprise decision support.
ELTA is moving toward the intersection of cybersecurity and financial risk modeling — a growing area that feeds into cyber insurance, regulatory compliance frameworks, and board-level security investment decisions.
How they like to work
ELTA has participated exclusively as a non-leading consortium partner across both projects, bringing specialist technical contributions without taking on project coordination. Their 26 unique partners across just 2 projects indicates they work within large, multi-actor consortia — typical of EU Security pillar projects that require broad coverage across threat actors, sectors, and national contexts. There is no evidence of repeat partnering, suggesting ELTA selects projects based on topic fit rather than existing relationships.
ELTA has built a network of 26 unique partners spanning 11 countries through just two projects — reflecting the large, internationally diverse consortia typical of H2020 Security pillar research. As an Israeli company participating in EU-funded research under the H2020 association agreement, their cross-border reach is notably broad relative to their project count.
What sets them apart
ELTA brings an industrial, defense-sector perspective to cybersecurity research that is uncommon among the academic and SME partners that dominate EU Security pillar consortia. Their combination of social engineering threat modeling and economic risk quantification covers both the technical entry point of an attack and its downstream business impact — making them a useful bridge partner between security engineers and enterprise risk managers. For a consortium needing credibility with both technical reviewers and industry end-users, an Israeli defense-affiliated technology company with this profile is a meaningful differentiator.
Highlights from their portfolio
- DOGANAThe larger of the two projects (EUR 269,264) and ELTA's entry into EU research, focused on one of the most underexplored attack surfaces in enterprise security: human-targeted social engineering.
- HERMENEUTNotable for tackling the hard problem of quantifying intangible cyber losses — reputational damage, operational disruption, lost trust — using economic simulation, which remains a frontier challenge in enterprise risk management.