A Fiat Chrysler Automobiles NV Jeep Grand Cherokee SUV on a car carrier at a dealership in Orland Park, Illinois, US. Cyber carjacking received attention when a 2015 article by technology magazine Wired showed researchers hacking a Jeep Cherokee SUV while it was driving. — Bloomberg
DETROIT: Israel's Upstream Security has secured US$30mil (RM125.46mil) funding from a wide range of global automakers and venture capital firms as it looks to tap into the increasingly competitive market for software to protect vehicles from hackers.
The automotive cybersecurity market is forecast to see exponential growth, from around US$16mil (RM66.91mil) in 2017 to an expected US$2.3bil (RM9.61bil) in 2025 according to IHS Markit.
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