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Cyber risk strategies by ABS

Classification society ABS has developed a new methodology to measure cyber security risk associated with operational technology, providing a calculated risk index for vessels, fleets and facilities.

{mprestriction ids="1,2"}The index quantifies cyber security risk and gives owners and operators an actionable strategy to reduce cyber risk onboard a vessel, the society said.

“With assets increasing in complexity, comprising several interconnected control systems, it was critical to develop a simple, quantifiable method to measure cyber risk,” said ABS chairman, president and CEO, Christopher Wiernicki.

“The ABS FCI Cyber Risk model gives owners and operators a straightforward approach to understanding their existing cyber risk and a concrete approach to reducing that risk.”

With its Functions, Connections and Identities (FCI) model, ABS calculates a cyber risk index for a client’s individual assets or entire fleets. From the risk index, an actionable report suggests how to reduce cyber risk, and where to target cyber security investments.

The method evaluates not only the operational systems and connections of a vessel, but also the human and machine identities.

The development follows ABS’ two-year research contract with the Maritime Security Center – a US Department of Homeland Security Center of Excellence – led by Stevens Institute of Technology and including the US Department of Defense.{/mprestriction}

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