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Cyber security costs money but it's worth it. That's the lesson learned from last week's massive ransomware attack, which caused major problems for authorities, hospitals. companies and private citizens across the globe.
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Volvo Group said its venture capital arm has invested in Israeli automotive cybersecurity specialist Upstream Security. It also announced that it would form a dedicated new business arm for autonomous vehicles.
Faurecia has opened an office in Tel Aviv, where it hopes to accelerate its cyber security strategy.
Data from connected cars offer ample opportunity to develop new business models. But, to be successful, the auto industry needs to make sure the data sent from and received by tomorrow’s vehicles are safe and secure.
More than two-thirds of all companies worldwide plan to spend at least 5% of their IT budgets on cyber security next year, according to a new poll. That’s up from 56% of companies polled a year ago.
A power outage at a Nissan data center in Denver, Colorado disrupted the communications network used by Nissan North America across the US, Mexico and Canadafor most of this week, impacting IT systems both for production and dealers.
Until now, attacks on manufacturing IT systems tended to be hit or miss. Sometimes they succeeded, but mostly they did not. That won’t be the case for long. Many of these facilities are poorly equipped to fend off cyberattacks.
