Cyber Hacks Could Cost Auto Industry $24 Billion

Cyber hacks might cost the auto industry $24 billion within five years, according a study by Upstream Security. The Upstream Security Global Automotive Cybersecurity Report 2019  outlines how hackers attacked — from physical to long-range to wireless and more — and who they targeted in the Smart Mobility space.

“With every new service or connected entity, a new attack vector is born,” said Oded Yarkoni, Head of Marketing at Upstream Security. “These attacks can be triggered from anywhere placing both drivers and passengers at risk. Issues range from safety critical vehicle systems, to data center hacks on back-end servers, to identity theft in car sharing, and even privacy issues. The risk is immense.”

Read more about the findings of the Upstream report on Security Magazine.