The "cut wire and fuse fix" wont work on yours. Your bike (unless you are in the wrong thread) has no fuses. Each component on your bike is a computer on each own communicating over the so called "CAN-BUS" network. If a component fails, in your case the I-ABS3 it will be taken "offline" (partially). The information about speed will still be sent on to the network by the ABS controller, just the pumps will not run anymore. Usually one of the 2 pressure sensors has crapped itself (90% of the time) or the brushes on one of the motors has quit its job.
But.... i guess its too late now already to check, is one of your 2 microswitches stuck (foot pedal, hand brake lever)?
Because if one of them is pressed while turning the key, it will automatically cut power to the I-ABS3.