An Automotive Minute [S2|E39] Cybersecurity with Jeremy Carlson
October is National Cybersecurity Awareness Month!
Connected cars provide ample motivation to implement cybersecurity measures. But the expansion of automated driving gives further reason for safeguarding the vehicle. S&P Global forecasts that more than half of all new vehicle sales globally in 2022 will have some automated vehicle control feature.
In recognition of these growing risks, automakers are responding with best practices in cybersecurity, and regulators across regions are taking action as well.
Japan will be first to adopt new cybersecurity requirements for all new vehicles sold after January 2021. The European Union will do the same in July 2022, alongside the adoption of new requirements for active safety and automated driving.
We estimate that solutions to manage cybersecurity threats will produce annual revenues of more than 400 million US dollars globally in 2022.
I’m Jeremy Carlson with an S&P Global Minute.
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