Drawing on its expertise in technology, Israel is emerging as a leader in the race to keep cars safe and prevent the possibility of invasion of their systems by hackers.
Most of the cars are today equipped with some level of connectivity and autonomous vehicles are being developed. Given this level of sophistication, protect the contamination cars malicious software has become big business.
“We see this as a potential opportunity for a market of 10 billion dollars over the next five years,” he said the FBR Capital Markets analyst in New York Daniel Ives.
“As we have seen in cybersecurity over the past decade, the largest share of innovation chasing this market comes from Israel and Silicon Valley.”
At its headquarters in Tel Aviv , Check Point, a leading cyber security companies in the world, pioneered the firewall creation Computer two decades ago. Now the company hopes to repeat the initiative with a safety capsule for vehicles.
With the Check Point system, everything that goes in and out of the vehicle goes through the corporate network via the cloud computing technology. The information is inspected in real time and malware are blocked.
“The idea is to prevent the next recall [vehicles] and deal with all the security and updates over the air,” said Alon Kantor, vice president business development.
Experts warn that hackers could eventually try to monitor driving patterns, interfere with fleet management or falsify information passed electronically to insurance.
About 420 million connected cars will be on the streets in 2018, with the number rising 57% per year since 2013, according to market research firm Idate.
Last year, Fiat Chrysler did recall 1.4 million vehicles to install a new software after researchers identified a method to stop the engine of the Jeep Cherokee model while the car is moving.
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