Cybersecurity firm attracts OEM funding

There hasn’t been a high-profile car hack since researchers commandeered a Jeep Cherokee by remote control four years ago. That doesn’t mean the threats have diminished.

On the contrary, cybersecurity analysts say they’ve observed a steady uptick in breaches related to car theft and ransomware-style attacks on vehicles. Automakers are continuing to address vulnerabilities and bolster their defenses.

The latest in those efforts came Monday, when multiple OEMs said they had invested in Israeli firm Upstream Security. Volvo Group, Hyundai and the venture capital arm of the Renault-Nissan-Mitsubishi alliance participated in the $30 million funding round.

https://www.autonews.com/mobility-report/cybersecurity-firm-attracts-oem-funding