We may earn commissions if you use the recommended services on this site.  

Experts Emphasize Consumer Awareness as Connected Vehicles Face Hacking Risks

Latest Business News

The Risks of Hacking in Connected Vehicles: Experts Emphasize Consumer Awareness

Connected vehicles, with their abundance of microchips and sophisticated software, offer convenience and comfort. However, experts warn that these modern vehicles are vulnerable to hacking, putting sensitive information and even control of systems like steering wheels and brakes at risk. A global automotive cybersecurity report reveals that remote attacks, which rely on Wi-Fi, Bluetooth, and connected networks, have consistently outnumbered physical attacks. This growing trend raises concerns about privacy breaches and potential scenarios where hackers could lock doors, manipulate speed, and demand ransom. Electric vehicles (EVs) face particular vulnerabilities, as researchers found weaknesses in EV charging stations across Canada. Rushed infrastructure deployment without adequate cybersecurity measures has left these stations susceptible to breaches that could affect drivers, power stations, and the power grid. The lack of encryption in communication protocols between cloud management systems and charging stations poses risks to payment processing and the transmission of private information. Vulnerabilities in third-party apps used for EV charging also expose sensitive data to theft. The power utility itself is another critical aspect of cybersecurity in this ecosystem. If hackers synchronize multiple charging stations, they could destabilize the power grid. While manufacturers are working to strengthen cybersecurity in vehicles, the ever-changing software landscape presents ongoing challenges. Consumer awareness is crucial, and individuals should inquire about vehicle software, privacy protection from third-party apps, and regularly update their vehicle software to mitigate cybersecurity risks. As the auto industry transitions to increasingly connected vehicles, consumer education on cybersecurity becomes essential. Best practices include avoiding public Wi-Fi, safeguarding car keys, and being mindful of data remnants when selling or using fleet cars. While the risks exist, the broader adoption of autonomous vehicles may elevate the importance of cybersecurity. As technology evolves, it is vital to stay vigilant and prioritize the protection of personal information and vehicle control.

Hot Take: The Impact of Vehicle Hacking Risks on New Businesses

The rise of connected vehicles presents both opportunities and challenges for new businesses, particularly those in the automotive and tech industries. While these vehicles offer unprecedented convenience and advanced features, they also open the door to potential cybersecurity threats. For businesses developing or relying on connected vehicle technology, the risk of hacking is a significant concern. Remote attacks, which have consistently outnumbered physical attacks, pose a threat to both the privacy and safety of users. This could potentially lead to reputational damage and financial loss for businesses if not properly addressed. Electric vehicles, which are becoming increasingly popular, face unique vulnerabilities, particularly in relation to EV charging stations. For businesses in the EV market, ensuring robust cybersecurity measures in the development and deployment of charging infrastructure is crucial. Moreover, the lack of encryption in communication protocols between cloud management systems and charging stations presents risks to payment processing and the transmission of private information. This highlights the need for businesses to prioritize secure data handling and protection. As the auto industry evolves, businesses must stay ahead of the curve in terms of cybersecurity. This involves not only strengthening system security but also promoting consumer awareness and education. As autonomous vehicles become more prevalent, the importance of cybersecurity will only increase, making it a critical focus area for new businesses in the automotive sector.
Story First Published at: https://financialpost.com/pmn/transportation-business-pmn/autos-transportation-business-pmn/connected-vehicles-can-be-at-risk-of-hacking-consumer-awareness-paramount-experts
Brought to you by BusinessFormation.io
Know Your State's Registered Agent Requirements: What is a Registered Agent
Learn How To Create An LLC: What Is An LLC and How To Start an LLC Online
Business Formation Services: View Top 3 Online LLC Filing Companies

LLC Filing & Registered Agent Services

Compare Online LLC Filing Services Today

We work with the market leaders in business formation and registered agent services.

Getting started is simple and inexpensive. Form your business today & secure your brand name before someone beats you to it! Click below to view the Top 3 Best LLC and registered agent service providers.
View Top 3 Providers Now

Filing An LLC Can Be Complicated

Streamline Your LLC Filing Online for $39

Northwest Registered Agent is the best-rated service for first time filers.

Get professional LLC formation & registered agent services for only $39 + state filing fee. This offers includes your full LLC setup, plus a private business address, lifetime support, and more.

Trusted by Millions. Save 82% Today.