Now that we have opened the door to driverless technology we need to make sure that hackers can’t get in as well.
Given the multitude of recalls announced by other automakers, the industry must take action. FCA’s recent 1.4 million vehicle cyber security-related recall is not a one-off occurrence. These types of recalls can be minimized, however, it will not be a singular effort by a single automaker. Today’s connected car includes upward of 300 million lines of code compared to a 747, with roughly 75 million lines. Automotive vulnerabilities are at an all-time high and FCA’s recent recall is perfect evidence of said vulnerabilities. The real question is, who is taking the necessary action?
On July 21, Senators Edward Markey and Richard Blumenthal introduced first-of-its-kind legislation, the Security and Privacy in Your Car Act (SPY Car Act). The senators’ legislation directs the National Highway Traffic Safety Administration (NHTSA) and the Federal Trade Commission (FTC) to establish federal standards that will secure today’s connected car. There was no in-vehicle system regulation until the SPY Car Act.
FCA is suffering $105 million costs in just civil penalties alone, with recall costs entering into the billions. Automotive recalls, SPY Car implications, and improved user experiences can all be alleviated through a common industry trend—collaboration. The recent governmental legislation will kick automakers into high gear with respect to addressing cybersecurity.
While the SPY Car Act was truly an unprecedented announcement, it was also long overdue. As a whole the automotive industry’s cybersecurity posture is weak. Change is inevitable, and Frost & Sullivan believes the industry will see laser focus and fully secure systems within the next two to three years.