A new Kaspersky Lab report warns that recovering from a successful cyber attack can be extremely costly.
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A squeeze on automotive suppliers, together with the adaptation of new technology, will lead some major players to play a bigger role in overall vehicle development cycles, especially in shaping customer user experiences
Volvo Group said its venture capital arm has invested in Israeli automotive cybersecurity specialist Upstream Security. It also announced that it would form a dedicated new business arm for autonomous vehicles.
Faurecia has opened an office in Tel Aviv, where it hopes to accelerate its cyber security strategy.
More than two-thirds of all companies worldwide plan to spend at least 5% of their IT budgets on cyber security next year, according to a new poll. That’s up from 56% of companies polled a year ago.
