Chrysler has recorded gains for 64 months straight in the United States, and despite security vulnerability revelations that came out last month, July was no exception. The company posted more than 6% in gains in the United States in July over June.
This could explain the company’s willingness to recall vehicles that have certain security weaknesses that allowed them to be shut down remotely while in operation. Interestingly, the Jeep brand, which was the target of the hacking revelations, was one of Chrysler’s biggest performers, posting a 23% gain in sales.
Compared to other major auto manufacturers, Chrysler is doing well. By acting quickly in response to [...]
The typical approach in cybersecurity regulation has historically been similar to other legislation: restriction and punishment. The advent of the new “SPY” bill takes the exact opposite approach, and it’s one that veteran security professionals might find refreshing. Rather than invent ever harsher “dissuasive” penalties for criminal hacker elements, the Security and Privacy in Your Car (SPY Car) Act – sponsored by Senators Ed Markey and Richard Blumenthal – seeks to put the onus of safe smart cars on those who produce them.