SAN FRANCISCO, Nov. 17, 2017 (GLOBE NEWSWIRE) — The many computer connections in cars make them vulnerable to hacking, says Michael Sheikh, founder of Falcon Strategic Research, who profiles a small company whose software takes a radically different approach to cybersecurity.
Included in this article is: Validian Corp. (OTCQB:VLDI)
Validian Corp. is uniquely poised to protect major investments in the automotive sector that are one hack away from enormous liability. Just this week, Uber announced its intent to do a $10 billion deal with SoftBank, a Japanese conglomerate. It’s pretty clear that the automotive market represents the “new screen” advertisers are jockeying for position. Despite the massive capital inflows, there are no credible solutions that are capable of protecting the automobiles we are driving right now against any of the recent global cyberattacks.
Successful attacks like the WannaCry ransomware and the Saber Travel Reservations breach demonstrate how poorly prepared the market is for future occurrences. Since nothing has been fixed since the breaches earlier this year, hackers would use the same methodology to attack vehicles. Using the same combinations of crypto protocols such as TLS, PKI and/or PGP plus filters such as smart firewalls, intrusion and threat detection and prevention haven’t paid off too well and estimates put the cyber damage at $3 trillion in 2015, with it projected to grow to $6 trillion by 2021. Therein lies the opportunity for exponential growth of new cybersecurity approaches that actually solve the cyber risks in the automotive market segment because nothing has been adopted yet.
Continue reading this article: Could Your Car Be Hacked? This Micro-Cap May Have the Solution
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Source: Nasdaq Automotive News