Israel brings tech expertise to protecting connected cars

Mon Jan 11, 2016 6:26am EST
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* Researchers developing cyber defences for cars

* Security breach has already caused recall

* Premium cars use more software code than fighter jets

By Ari Rabinovitch

TEL AVIV, Jan 11 (Reuters) - Building on its expertise in technology, Israel is emerging as a leader in the race to keep cars secure and prevent the nightmare scenario of a hacker commandeering your vehicle.

Most cars today are equipped with some level of connectivity and self-driving vehicles are being developed. Given this level of sophistication, protecting cars from contamination with malicious software has become big business.

"We view this as a potential $10 billion market opportunity over the next five years," said Daniel Ives, an analyst with FBR Capital Markets in New York.

"As we have seen with cyber security over the past decade, the lion's share of the innovation going after this market is from Israel and Silicon Valley."

The threat appears real enough.   Continued...