Data Story: Securing connected vehicles

Connected vehicles—cars and trucks that are always connected to the internet—are hitting the road in record numbers. Over 327 million connected vehicles will be in service by 2027, joined by advanced new mobility platforms such autonomous vehicles and electric vertical takeoff and landing vehicles—the long-anticipated arrival of flying cars.

As the fleet of connected vehicles grows, so does the number of vehicle endpoints—exposing hundreds of millions of new attack surfaces, inside and outside vehicles, to cyberattacks. The growth of generative AI technology, especially in the hands of bad actors, further complicates the threat environment, making it more important than ever for OEMs and automotive suppliers to design security and privacy into connected vehicles at each stage of product development.

86% of auto industry executives agree that security, assurance, and trust are brand attributes that differentiate their organizations.

Enhance product and brand value through security

Within the auto industry, 57% of executives report that a security incident would result in reputational damage. They also recognize the intrinsic value of security to their business, with 72% agreeing that security is a revenue enabler rather than a cost center.

This is reinforced by the fact that a majority of consumers would request a specific brand of car or truck that offers superior security and privacy along with shared mobility and autonomous driving. Consumers will also pay more for rich connected features underpinned by a secure vehicle infrastructure, including remote diagnostics and self-driving features.

Plan for connected vehicle security today—and down the road

When addressing the complex technical issues around connected vehicle security and privacy, automakers face ongoing challenges. While they’re focusing on meeting current standards and regulations, they may not have adequate plans in place to secure future systems against the ever-changing threat of cyberattacks.
 

90% of automotive organizations have a security strategy in place but only 44% have executed on that strategy.

To future-proof their products, automakers and their supply chain partners need to adapt a bi-modal mindset that addresses operational requirements for the next one to three years, while also preparing for the future of mobility. This means embedding security and privacy by design throughout the product lifecycle and across the connected, autonomous, shared, electric (CASE) ecosystem.

Download the data story and learn how companies can protect connected vehicles against the threat of cyberattacks with the principles of security and privacy by design and expanded ecosystem collaboration.