ABS FCI Cyber Risk Model receives Patent for Innovative Solution

0
794
(Image Courtesy: ABS)

Patent recognizes industry-leading status of innovative solution to quantify and reduce maritime cyber risk

The ABS FCI Cyber Risk Model, a groundbreaking analysis and risk management tool used to identify threats and measure cyber risk exposure, has been granted a patent by the United States Patent and Trademark Office.

An industry first, the patent validates the unique cyber model as a first of its kind technical solution to the growing global cyber threat facing maritime and offshore operators. The ABS FCI Cyber Risk Model™ is a unique quantitative risk index developed through a research grant from the U.S. Department of Homeland Security to increase visibility and control over critical maritime operations.

“Safety is at the core of ABS’ mission and the FCI Cyber Risk Model is unique in its ability to help make industrial operations safer, more reliable and resilient by effectively countering cyber threats,” says Christopher J. Wiernicki, ABS Chairman, President and CEO. “This demonstrates how ABS continues to innovate to deliver our safety mission in the digital era.”

Applying a risk-based approach to cybersecurity provides the maritime industry with a better understanding of cyber risk across the supply chain. This patent complements the comprehensive suite of industrial cybersecurity services now offered by ABSG Consulting Inc. (ABS Consulting), a subsidiary of ABS focused on risk and reliability solutions.

“ABS’ patented method tackles one of the most urgent operational issues facing industry today and gives clients confidence that they’re taking the necessary steps to avoid incidents with serious safety and financial consequences,” says Ian Bramson, ABS Consulting Global Head of Cybersecurity.

Cybersecurity is a particularly challenging domain for risk management due to the wide range of emerging and unknown threats and a constantly evolving landscape. The FCI Cyber Risk Model sheds light on which systems present the highest risk to prioritize mitigation activities. ABS Consulting has continued to expand the use of this model to support their expanded Cyber portfolio to fully customize a solution tackling a client’s unique risk profile in order to plan for, detect and respond to a cyber incident.

Sea News, October 20

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News