Automakers have a multi-billion-dollar problem on their hands, and it’s called cyber hacking.
Cyber hacks (including data breaches and a number of other criminal attacks) might cost the auto industry an estimated $24 billion within five years, according to a new study released by Upstream Security, which specializes in cloud-based automotive cyber security.
The report studied the impact of more than 170 documented, smart mobility, cyber incidents reported between 2010-2018 and projects future trends based on that eight-year history.
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Tune in for a timely conversation with Susan Spence, MBA, the new Chair of the ISM Manufacturing Business Survey Committee. With decades of global sourcing leadership—from United Technologies to managing $25B in procurement at FedEx—Susan shares insights on the key trends shaping global supply chains and what they mean for the manufacturing outlook.