Cyber risk in the automotive sector is rapidly increasing due to the rise of connected vehicles. A Moody’s report highlights that greater digitalization, sophisticated software functions, and the increasing use of artificial intelligence expose carmakers and parts suppliers to significant security vulnerabilities. Notably, JLR’s 2025 cyber attack disrupted operations and highlighted the potential for massive supply chain impacts. Auto manufacturers face ransomware threats and risks to consumer data privacy, particularly related to finance operations. Concerns about remote vehicle access manipulation raise serious safety implications. While Moody’s did not cover retail networks, incidents like the cyber attack on Arnold Clark illustrate that vulnerability is widespread. Major players like CDK Global have also experienced severe breaches. With the automotive industry’s complex supply chains and efficiency needs, it remains a primary target for cybercriminals. As a result, companies are increasingly allocating budgets to enhance cybersecurity measures, especially in light of evolving AI-driven threats.
Source link
Share
Read more