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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As manufacturers offer more customization than ever before, managing product complexity has become a critical challenge. Tune in with Dan Joe Barry, Vice President of Product Marketing at Configit, who explores how companies are tackling the growing number of product configurations across engineering, sales, manufacturing, and service. He explains how Configuration Lifecycle Management (CLM) helps organizations maintain a single source of truth for configuration data. The result: fewer errors, faster quoting, and the ability to deliver customized products at scale.