Skip to content
Search AI Powered

Latest Stories

Report: hackers target third-party suppliers in automakers’ supply chains

90% of cyberattacks in the sector are aimed at “less vigilant firms” instead of well-protected OEMs

VicOne_Automotive_Cyberthreat_Landscape_Report_2023.jpeg

Nine out of 10 cyberattacks launched at automotive manufacturers are not aimed at the original equipment manufacturers (OEMs) themselves, but at other companies in their supply chains, according to a study from cybersecurity software and service provider VicOne.

That trend means that third-party suppliers—including logistics providers, service providers, and companies engaged in the production of components, accessories or parts—have emerged as a growing focus of attacks, the company said in its “VicOne Automotive Cyberthreat Landscape Report 2023.”


One reason for rising attacks is the increasing complexity of vehicles and their integration of connectivity, automation, and advanced driver assistance systems (ADAS). Most of the security issues were found on chipsets or systems-on-chip (SoCs), followed by vulnerabilities in third-party management applications and in-vehicle infotainment (IVI) systems, the report said.

One problem in preventing such cyber attacks is the regulatory vacuum concerning vehicle data, the report said. However, VicOne said that a new United Nations cyber security policy known as UN R155 will mandate safety conditions for newly manufactured cars beginning in July, 2024.

But in the meantime, auto industry losses are growing from cyberattacks such as ransomware and exposure of leaked data or personally identifiable information (PII), as well as costs associated with system downtime.

“Alarmingly, over 90% of these attacks were not aimed at OEMs themselves but rather at other entities in the supply chain,” the report said. “Attackers often find it difficult to penetrate well-protected companies, so they target less vigilant firms instead. But OEMs are affected all the same, because of the supply chain disruptions. Consequently, defending systems against cyberattacks is no longer just about securing an individual firm; it is about strengthening the entire supply chain.”
 

 

 

The Latest

More Stories

U.S. shoppers embrace second-hand shopping

U.S. shoppers embrace second-hand shopping

Nearly one-third of American consumers have increased their secondhand purchases in the past year, revealing a jump in “recommerce” according to a buyer survey from ShipStation, a provider of web-based shipping and order fulfillment solutions.

The number comes from a survey of 500 U.S. consumers showing that nearly one in four (23%) Americans lack confidence in making purchases over $200 in the next six months. Due to economic uncertainty, savvy shoppers are looking for ways to save money without sacrificing quality or style, the research found.

Keep ReadingShow less

Featured

CMA CGM offers awards for top startups

CMA CGM offers awards for top startups

Some of the the most promising startup firms in maritime transport, logistics, and media will soon be named in an international competition launched today by maritime freight carrier CMA CGM.

Entrepreneurs worldwide in those three sectors have until October 15 to apply via CMA CGM’s ZEBOX website. Winners will receive funding, media exposure through CMA Media, tailored support, and collaboration opportunities with the CMA CGM Group on strategic projects.

Keep ReadingShow less
xeneta air-freight.jpeg

Air cargo carriers enjoy 24% rise in average spot rates

The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year jump with a 24% increase, according to the latest weekly analysis by Xeneta.

Xeneta cited two reasons to explain the increase. First, Global average air cargo spot rates reached $2.68 per kg in August due to continuing supply and demand imbalance. That came as August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising +11%.

Keep ReadingShow less
littler Screenshot 2024-09-04 at 2.59.02 PM.png

Congressional gridlock and election outcomes complicate search for labor

Worker shortages remain a persistent challenge for U.S. employers, even as labor force participation for prime-age workers continues to increase, according to an industry report from labor law firm Littler Mendelson P.C.

The report cites data showing that there are approximately 1.7 million workers missing from the post-pandemic workforce and that 38% of small firms are unable to fill open positions. At the same time, the “skills gap” in the workforce is accelerating as automation and AI create significant shifts in how work is performed.

Keep ReadingShow less
stax PR_13August2024-NEW.jpg

Toyota picks vendor to control smokestack emissions from its ro-ro ships

Stax Engineering, the venture-backed startup that provides smokestack emissions reduction services for maritime ships, will service all vessels from Toyota Motor North America Inc. visiting the Toyota Berth at the Port of Long Beach, according to a new five-year deal announced today.

Beginning in 2025 to coincide with new California Air Resources Board (CARB) standards, STAX will become the first and only emissions control provider to service roll-on/roll-off (ro-ros) vessels in the state of California, the company said.

Keep ReadingShow less