Innovative cyber risk method wins Lloyd's List Americas Award

Third cyber award in 2019 confirms industry leading position in maritime cyber security.

The industry leading ABS FCI Cyber Risk™ Methodology has won the Excellence in Data and Technology Innovation Award at the Lloyd's List Americas Awards held September 25 in Houston.

Working closely with leading government agencies, ABS and ABS Group Cyber Risk experts pioneered the innovative method, which simplifies cyber risk in marine and offshore environments. The Lloyd's List Americas award for the ABS proprietary FCI Cyber Risk Methodology follows two top industry awards from Seatrade Maritime Review and Smart4Sea magazines earlier this year, confirming ABS Group as the global leader in cyber security for the maritime and offshore industries.

Russ Medeiros, ABS Group Vice President of Global Marine and Offshore, says:

"Cyber security is a business imperative and ABS Group leads the way in helping the marine and offshore industries reduce the risk of cyber threats in operational technology. No other solution makes it so straightforward for operators and owners to gain such a deep understanding of their cyber risk and the steps they can take to manage it."

ABS and ABS Group developed the groundbreaking FCI Cyber Risk Methodology to measure cyber security risk associated with operational technology, providing clients a calculated risk index for vessels, fleets and facilities. The 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 FCI Cyber Risk Methodology 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.