Daily Management Review

Ex-Shin Bet Head To Partner Volkswagen’s New Cyber Security Firm


09/15/2016


Learning from the Israeli experts, Volkswagen is set to explore cyber security measures.



Former Head of Shin Bet, intelligence agency of Israel, will be creating a company in collaboration of Volkswagen, whereby the company will invest into developing “security systems for Internet-connected cars and self-driving vehicles”.
 
The name of the new company is “CyMotive Technologies”, the forty percent owner of which will be the “German automaker”, while rest will be owned by “Yuval Diskin and two former colleagues”, who also held Shin Bet’s senior posts.
 
However, there was no information on the quantity of investment that will be made by Volkswagen. The CyMotive Technologies holds one office “in a suburb of Tel Aviv”, while there are plans of opening another one in Germany’s Wolfsburg.
 
Israel’s technological expertise in the said field has made it a “leader” when it comes to the security of cars from cyber threat, whereby evading situations wherein your vehicle could be under the command of a hacker. IBM, Harman International Industries and the likes have already “bought local companies”, while some others have put their money in research centres. In the words of the “Electrical and Electronic” Development’s head in Volkswagen, Volkmar Tanneberger:
“To enable us to tackle the enormous challenges of the next decade, we need to expand our know-how in cyber security in order to systematically advance vehicle cyber security for our customers”.
 
 
 
 
 
References:
http://www.reuters.com/







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