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Cybersecurity in the Automotive Industry : OEMs and Technology Vendors Focus on Safety and Privacy

  • October 2014
  • -
  • Frost & Sullivan
  • -
  • 76 pages

Summary

Table of Contents

Key Findings

1 - Although no vehicle cybersecurity breaches have been reported, the value proposition for prevention is huge because of its risks to passenger safety with more than vulnerable points in a car.
2 - Electronics accounts for about % to % of the value of a car today; this is likely to increase to at least % by 2020. If original equipment manufacturers (OEMs) ignore the cybersecurity aspect they would be compromising their users, risking brand value, and incurring financial and moral liabilities.
3 - Cybersecurity has emerged as a key concern in the automotive industry as researchers globally demonstrate threats and risks through scenarios such as taking control of a car and turning off the engine and headlights, disabling brakes, commandeering steering, and denying services. However the industry cannot deal with this alone, and would need to integrate with information technology (IT) companies such as Cisco, CGI, and IBM.
4 - With the industry processing Big Data for features and services such as product planning, warranty and after-sales service, marketing, and connecting service providers and fleet-related services, governments are framing laws for the ethical harvesting of data.
5 - OEMs and Tier I suppliers plan to deploy vehicle-to-vehicle and vehicle-to-infrastructure (V2X) applications by 2015 in Europe; it is of utmost importance to secure the communication channel. Dedicated short-range communication (DSRC) and mobile-based technologies such as long-term evolution (LTE) and 4G will form futuristic platforms. There is also high potential for smartphone application, and additional services in aftermarket on-board units (OBUs) and roadside units (RSUs).

Cybersecurity Market: Security Threats, Europe and North America, 2014

- Interest in valuable intellectual property (IP) could lead to technology espionage. Competitors, government agencies, or third-party manufacturers could spy on or steal OEMs’ IP.
- Modified functions or manipulated equipment in a car could significantly damage an OEM’s reputation, resulting in a loss of customers who stay away from the brand even after the issue is fixed.
- Organized criminals can extort money by controlling car access or speed, or by tracking personally identifiable information (PII). Electronic control units (ECUs) or brake modules can be manipulated to change vehicle performance.
- Location tracking and stalking may violate privacy. VIP movements can be tracked for attacks. Tracking location and driving patterns could add value for insurance companies.
- Most high-end luxury cars today offer keyless entry and remote ignition systems that makes them vulnerable to theft.

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