Rocco Grillo and Brian Irwin featured in Automotive Dive
Automotive Cybersecurity Threats in 2024: Insights from Managing Directors Rocco Grillo and Brian Irwin
As the automotive industry continues to embrace connected cars and software-defined vehicles, new cybersecurity risks are emerging that could pose significant threats to both manufacturers and consumers. In a recent Automotive Dive article on the future of automotive cybersecurity, A&M Managing Directors Rocco Grillo and Brian Irwin discuss how automakers can address these growing challenges and mitigate risk.
The Rise of Connected Cars and the Cybersecurity Challenge
With software integration rapidly increasing, the automotive industry stands at a critical crossroads. A recent report projects that shared mobility, connectivity services and feature upgrades could add up to $1.5 trillion in automotive revenue by 2030. However, this growth has introduced a host of cybersecurity vulnerabilities that manufacturers must urgently address.
In the article, Brian Irwin points out that automotive OEMs, suppliers, and dealers are increasingly vulnerable to cyberattacks, with bad actors targeting software systems and third-party applications. A ransomware attack, for instance, can disrupt production and lead to financial losses for companies across the supply chain.
Proactive Cybersecurity Measures for Automakers
Despite these challenges, Irwin emphasizes the importance of preparedness. "Every automotive OEM, supplier, and dealer has come under the threat of black hat hackers coming in and shutting them down," he explains. Automakers must adopt an enterprise risk management approach that identifies potential cyber risks and develops strategies to mitigate them.
Rocco Grillo agrees, stating that being compliant with regulatory standards is not enough. "If you were trying to be secure by being compliant, you’re fighting an uphill battle," says Grillo. Instead, he recommends a secure-by-design approach, where automakers integrate cybersecurity measures throughout the vehicle's lifecycle, ensuring their systems are resilient against future threats.
Prepare for the Future of Automotive Cybersecurity
As the automotive industry faces growing cybersecurity risks, its essential for automakers, suppliers and dealers to stay ahead of evolving threats. Read the full article to understand key cybersecurity challenges facing the automotive industry today and how your business can effectively prepare for the future.
