The ABS FCI Cyber Risk™ Model
Powering its cyber security and risk reduction solutions, ABS developed the FCI Cyber Risk method to measure cyber security risks associated with operational technology and provide clients with a quantitative risk index for marine and offshore assets. This groundbreaking approach quantifies cyber security risk and gives owners and operators an actionable strategy to reduce cyber risk onboard a vessel. Effectively, it places the controls for responding to cyber risks back into the hands of the asset owner. The model was developed following a two-year research contract with the Maritime Security Center—a U.S. Department of Homeland Security Center of Excellence—led by Stevens Institute of Technology and including the U.S. Department of Defense.
Know Your Cyber Risk
Until now, cyber risk assessment methods were qualitative, based on threats, vulnerabilities and consequences – helpful in understanding cyber risk, but not readily quantifiable. Simply put, to reduce risks, you must first define them in observable maritime and offshore constructs and measure them. So how do you accomplish this?
Our Cyber Risk Management experts have challenged the traditional view on risk and delivered an innovative approach that produces a measurable risk index – a first in the maritime and offshore industry – the FCI Cyber Risk™ equation.
Our FCI Cyber Risk method gives clients a simple and practical way to count and quantify risk based on the FCI Cyber Risk equation:
Functions = Mission critical systems such as navigation and propulsion
Connections = Digital networks connecting Functions
Identities = People or digital devices that can access these connections
We can help you characterize Functions, Connections and Identities and combine them in our Risk Index calculator to produce an actionable report that helps you recognize and resolve specific risk points on an asset. This method enables our clients to target cyber security investments and create a cost-effective cyber risk mitigation strategy across their assets.
Operational Technology (OT) Cyber Risk in the Maritime Industry
ABS Group's Cyber Security team is challenging the traditional method for calculating OT cyber risk in the maritime industry with our award-winning FCI Cyber Risk™ Equation.
Now is the time to calculate your cyber risk index score. Read our insights on how to measure OT cyber risk in the maritime industry and schedule a cyber security assessment for your organization.