With the accelerating development of new technologies, cyber security is quickly becoming a growing threat to organisations in all industries. And the automotive industry is no different, as more and more cyber criminals seek to exploit the sector’s many vulnerabilities. The connectivity of modern vehicles—with their numerous onboard systems and external connections—as well as the complexity of the global auto supply chain, make the automotive industry a perfect target for such attacks.
Cyber risk: a growing concern in the auto industry
As reported by Resilinc, a global leader in supply chain mapping, disruption sensing, and data analytics, there was a 32% surge in the global number of cyber attacks targeting the automotive industry between 2021 and 2022. This increasing trend is set to continue in the coming months, as Resilinc has already documented 255 cyber attacks this year so far.
What’s more alarming, according to research based on interviews with C-level executives in large automotive enterprises, almost two-thirds (64%) of industry leaders believe the automotive supply chain is currently vulnerable to cyber attacks. Having been the fourth most impacted industry by cyber breaches last year, as shown by Resilinc’s data, a highly complex, interconnected network of automotive manufacturers, suppliers, and service providers faces an unprecedented challenge.