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

Europe overtakes US by number of patents for self-driving car technologies

Samsung introduces display technology for folding screens

How retailers use technologies to increase sales

Facebook releases videochat devices Portal and Portal Plus

Smartphone makers will pay for pre-installing Google apps‍

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

World Politics

World & Politics

Brexit Negotiators Of Both Parties Close Down On Irish Border Text, Reports RTE

Bloomberg: Theresa May can face catastrophic defeat in parliament

New Asian Foreign Policy May Be Set By Congress After Democrats Taking Control Of House

Italy refuses to change draft budget

Italy is about to tighten its migration policy

Macron calls to create a pan-European army

Signals Of Mending Of US-China Emerge Before Anticipated G20 Meet

Moscovici: the European Commission may impose sanctions on Italy