At some point, the most sophisticated, earth-shattering hacking campaign could be launched from your fridge.
With each passing day our world is becoming more and more connected through an ever-expanding network of connected “Internet of Things” products. From tea kettles you can switch on with your smart phone as you wipe the sleep from your eyes to the most sophisticated industrial systems, the IOT revolution is dramatically increasing the very concept of convenience and efficiency in our daily lives.
The problem though, is that with increased connection comes increased risk. While your parents’ car never had a touch-screen library of music and navigation “infotainment” features, nobody could hack into your parents’ 1975 AMC Gremlin, spit the 8 track out and make it careen off the road.
The average connected car has more than 100 million lines of code, more than the amount of code in existing avionics systems. With more than 125 million connected cars expected to be on the road by 2022.
With all due respect to Silicon Valley, a smartphone app will rarely spark the same excitement of a V8 engine, white walls and chrome rims, and a wide-open road. Now imagine it driverless, connected simultaneously to the traffic lights ahead and the cloud above, with a state-of-the-art infotainment system splashed across the windshield. This is arguably the most connected software defined product ever.
According to the International Organization of Motor Vehicle Manufacturers, in 2018 there were over 95 million automobiles produced globally, including 27 million in China, 21 million in the EU and more than 11 million in the United States alone. With an average price of over 30 thousands in the US, one of the key household spending items, the industry brought in more than \$3 trillion in revenue in 2019, about 13% of all manufacturing worldwide. In Europe for example the industry employ 6.1% of the workforce and is the largest private investor in R&D in Europe, with almost \$54 billion invested annually.
And while automotive is now leading the smart industry evolution and the digitization of our lives, the world around us is changing. Variety of connected machines are developing autonomous capabilities and billions of IOT devices are set to exchange data between individuals, enterprises and infrastructure in ways never seen before.
Where does Karamba Security find itself in this enormous pond? For the past three years we’ve established a proven record in defending automobiles from cyberattacks through automatically integrated runtime integrity security that finds, isolates, and eliminates threats before they can even get off the starting line. And considering the vast technological advancements of the automotive industry, successfully completing 23 projects on various chip platforms and software stacks, Karamba is ready to serve additional industries.
From day one, Karamba Security’s raison d’etre has been automobile cybersecurity. Moving forward in the world of cybersecurity for industry 4.0 and the “Internet of Things,” we are confident that our experience and proven performance in an industry whose challenges are almost peerless will make us stand out from the crowd, and in a good way – not like your parents’ Gremlin when they were picking you up after school in front of your friends. ***