{mprestriction ids="1,2"}“Our safety consciousness and value-added services have always been key drivers of our 24-year growth,” said Kishore Rajvanshy, managing director, Fleet Management Limited.

“New digital technologies not only bring about considerable opportunities to the maritime industry, but also introduce potential new vulnerabilities. That’s why we are continually innovating and investing in technology to stay ahead of the curve and ensure our vessels operate to the highest safety and technical standards.”

The project has been undertaken to ensure that Fleet Management is prepared for IMO requirements for cyber security to be addressed in Safety Management Systems by January 2021, and to meet specified additional industry guidelines such as those from TMSA3, SIRE, BIMCO, IACS and Rightship.

The ABS FCI (Functions, Connections, Identities) Cyber Risk model was developed following a two-year research contract between ABS and the Maritime Security Center—a US Department of Homeland Security Center of Excellence—led by Stevens Institute of Technology and the US Department of Defense.

Launched in June 2018, the ABS FCI Cyber Risk approach quantifies cyber security risk, and gives owners and operators a practical, actionable strategy to reduce cyber risk onboard a vessel.

“Until now, cyber risk assessment methods were largely qualitative. The ABS FCI Cyber Risk model calculates a cyber risk score and demonstrates how specific FCI alterations reduce the level of risk,” said Russell Medeiros, vice president, ABS Advanced Solutions.{/mprestriction}