Daily Management Review

BlackBerry Exploits Connected Vehicles Systems’ Vulnerability To Boost Its Revenue


05/29/2017


BlackBerry to move onto vehicle security business against hackers, says analyst’s note.



The Company of BlackBerry Ltd. has taken on board “at least two automakers” in its collaborative venture of developing a “security service” capable of “remotely” scanning vehicles to look for “computer viruses”. Following the scan, if there is any “critical danger”, it would inform the drivers to “pull over”.
 
Analysts Gus Papageorgiou of Macquarie’s note to clients stated that the new “security service” is in the process of “being tested”, whereby the “luxury automakers” Range Rover along with Aston Martin have taken up the testing work, while the same service would also have the capacity to “install security patches to an idle car”.
 
BlackBerry, along with other areas, consider the field of auto security as a means to increase revenue, as BlackBerry loses its dominance in the Smartphone market. However, the Head of BlackBerry’s “QNX division”, John Wall, along with Sarah McKinney, BlackBerry’s spokesperson, refrained from commenting on the news.
 
Nevertheless, an email of Matthew Clarke, Aston Martin’s spokesperson, revealed that “he was not aware of the company testing such a product”. Moreover, Range Rover’s representatives too could not be available for any comments. Papageorgiou further added that the new service could hit the market “as early as next year”, whereby bringing in around “$10” on a monthly basis per vehicle.
 
More and more, vehicles are depending on numerous computer systems connecting the former with “each other as well as the internet, mobile networks and Bluetooth communications systems”, whereby creating “vulnerable” situation for “remote hacks”. According to Papageorgiou’s note:
“Although a connected, more software-centric automobile offers tremendous advantages to consumers, it also opens the doors to hackers”.
 
 
 
References:
http://www.reuters.com







Science & Technology

Stock trading computers are not a future anymore

Temper Technology With Humanity - Apple's Cook Tells MIT Graduates

As Spying And Crime Tools Mix, Blame Game For Cyber Attacks Grows Murkier

Retailers Could Transform The Market Scenario Into Smart Shopping Experience For The Consumers With The Cloud

A Way To Unlock Wannacry Without Ransom Found By French Researchers

China to introduce face recognition payment system

Clues To Ransomware Worm's Lingering Risks Found By Security Experts

Nasdaq Brings ‘Analytics Hub’ To Provide Enhanced Trading Experience

Through XFi Launch, Comcast Moves Closer To Home Connectivity

Is SWIFT really safe?

World Politics

World & Politics

U.S. Official Says Russians Targeted 21 Election Systems

The Britain’s Prime Minister To Bring Down Corporate Tax To Draw More Investments In The Country

Record 65.6 million people were displaced in 2016

Are millionaires preparing for an apocalypse?

EU says goodbye to mobile roaming charges

Denmark loses interest to electric cars

Global Airlines Conference Agenda To Accord Importance To Fresh Safety Concerns

Arab countries break ties with Qatar