OEMs and tier-ones to invest more in the next three years on automobile connectivity and cybersecurity to protect against vehicle cyberattacks

New ‘Cybersecurity for the Automotive Industry’ whitepaper by Frost & Sullivan and Irdeto highlights top automotive market security trends and strategies

AMSTERDAM - 06 June 2017 - Irdeto, the world leader in digital platform security, and global analyst firm, Frost & Sullivan, have published a new whitepaper indicating that OEMs and tier-one suppliers will invest more in the next three years on digitization and cybersecurity to mitigate attacks targeting automobiles. Cybersecurity for the Automotive Industry examines roadmaps to implement connectivity and security strategies and technologies to keep vehicles safe while on the road. OEMs and tier-one suppliers have realized that digitalization - along with technology partnerships, software capabilities and customization - will be the future of the global automotive industry. The whitepaper takes a deep dive into these trends and security vulnerabilities that exist in connected vehicles.

Recent Frost & Sullivan research found that growing digitalization will drive the automotive industry to invest $82.01 billion by 2020 on advanced technologies. One of the key challenges faced by the automotive market is the increasing extent of in-vehicle connectivity, which extends from infotainment to mobile phones, voice recognition, navigation and communication with other in-vehicle infrastructure. While this connectivity is essential to satisfy consumer demand, it also introduces a wide variety of vulnerabilities that hackers aim to exploit.

Hackers can remotely access and control vehicle components like braking and engine start/stop operations or tap into private customer data collected by the on-board system. The whitepaper examines specific threats targeting vehicles in greater detail by giving real-world examples of cyberattacks that have occurred and the security strategies and technologies that are necessary to combat automotive threats.

“A variety of very public cyberattacks against automotive companies have occurred over the past few years, only scratching the surface of the magnitude of the risks,” said Niranjan Manohar, Program Manager - Connectivity and Automotive IoT, Frost & Sullivan. “Connectivity is what consumers want, but security will need to be a key focus area across the vehicle lifecycle. The automotive industry demands a comprehensive security solution in the entire automotive value chain, covering hardware security, software security, network security and cloud security. This whitepaper was reliant on Irdeto’s expertise in the content protection space, which involved dealing with professional hackers for nearly five decades. Irdeto’s expertise in security seamlessly translates to the threats in the automotive industry.”

Frost & Sullivan research shows that the automotive industry’s spend on car cybersecurity is expected to increase at a CAGR of 24.4% from 2015 to 2025. The innovative Cloakware™ for Automotive by Irdeto solution is supported by advanced technology to leverage future market growth and overcome industry challenges.

“Hackers and cybercriminals are employing new strategies to exploit vulnerabilities in today’s connected cars,” said Daniel Thunberg, Global Head, Automotive, Irdeto. “Consumers crave connectivity features in their vehicles, but automakers must address the associated vulnerabilities to prevent hackers from altering their automobiles. With investments in digitization and connectivity expected to increase in the coming years, OEMs and tier-one operators need to think of cybersecurity from the beginning by implementing a comprehensive security approach to keep drivers safe on the road.”

Cloakware for Automotive is a comprehensive solution that combines innovative, patented technologies and cybercrime services to address a variety of security challenges in a car. Irdeto solutions include strong anti-hacking protection with renewable security, making it virtually impossible to reverse engineer vehicle software. The Cloakware for Automotive solution is easy and simple to deploy and is available on all major Automotive OS’s. It provides automakers and tier-one suppliers with a secure, tamper-proof environment for vehicle software, ensuring that vehicles operate as intended.

Irdeto will showcase its unique solution at CES Asia from June 7-9 and at TU Automotive from June 7-8.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.