Friday, March 29, 2024

IBC / Equite Clowns at the Wheel? Do IBC and Equite have any idea how to stop auto theft?


The funny thing is Equite, the investigative arm of the Insurance Bureau of Canada, never mentions talking to automotive cyber security experts even though most vehicles being stolen in Canada today are all being stolen by a cyber attack. A cyber attack is a relay attack, key duplication or Can Bus attack which Equite mentions all the time but never mentions talking to auto cyber security experts like Blackberry and what they recommend. Blackberry has plenty of cheap and quick software solutions to end auto theft. IBC and Equite even seem to turn a deaf ear to the largest auto cyber security software suppliers like Argus. Argus is headquartered in Israel and founded by a former Israeli military cybersecurity team. It is now owned by Continental AG, one of the largest OEM auto suppliers in the world. It’s not as if the IBC or Equite would have to spend a lot of time getting useful information from these suppliers since they have videos all over the internet discussing the very issue they are supposedly investigating. Argus as an example has a video telling automakers they will face $24 billion in costs from lawsuits if they don’t install software they currently have to end auto theft. Automakers have known for years their push button start cars were prone to cyber attacks and even patented inventions to stop it - but they never used them. Lots of questions could be asked.

Pro tip to IBC / Equite investigators - you  need to educate yourself on auto cybersecurity and identify experts that will aid in your investigations. Perhaps IBC or Equite have never heard of YouTube, or maybe they prefer the explanations of the automaker representatives who are pushing a “layered approach” and that it is the fault of organized crime. 

Automaker’s have bought into SDV (Software Defined Vehicle). It is the new way of making money in the auto business by replacing hardware with software you sell by subscription. It needs an “always on” telematically equipped vehicle to work. Hackers love this “always on” system since that is their one and only way to hack into the car. Increased cybersecurity software will stop this cold. 

In Canada we have approximately 25 million cars and trucks on the road and over 105,000 are being stolen each year with that number rising. In Japan, a country 3 times our size, they have 61 million vehicles on the road but less than 3,000 auto theft nationwide. 3000? Yes 3000. Why? Because they have government laws mandating increased auto cyber security software be put in cars before they are sold is one big reason. No that software isn’t in the cars they export to North America for some reason. Maybe the IBC / Equite investigators could ask more questions.

Auto theft in Canada could be reduced by 80% in 6-12 months with a software fix if the IBC and Equite started questioning the automakers with the aid of the auto cybersecurity experts in the room. 

To IBC / Equite, we live in a digital age, we have a digital problem, we need a digital solution. You want to stop cars being stolen in the first place, not spend your time and money looking for them after the fact. 

In the words of the leading auto cybersecurity experts in the world “auto software without cyber security is like a car with no brakes”.


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