Cyber Hacks Could Cost Auto Industry $24 Billion
- While car manufacturers are an obvious target, Tier 1 suppliers, fleet operations, telematic service providers, car sharing companies and public and private transportation providers are facing an ever-increasing threat.
- In 2018, the number of cybercriminals (what the industry calls Black hats) attacks eclipsed the number of White hat (security specialists who breaks into protected systems to test and asses their security) incidents. This is the first time in the history that has happened in the Smart Mobility space.
- Security needs to be multi-layered. This includes in-vehicle for close-proximity attacks, automotive cloud security for multiple vehicles, services and applications, and network security for the network side of the architecture.
- 42 percent of automotive cyber-security incidents involve back-end application servers.
- Two new kinds of cyber-attacks are emerging through car sharing and driver exchange. These are having a measurable impact on fraud and data privacy.