With the United Nations Economic Commission for Europe World Forum for Harmonisation of Vehicle Regulations (UNECE WP.29) framework coming into effect in July 2024, leaders across the Automotive sector are apparently ‘swamped’ by the volume of compliance and security risks that need to be addressed to protect drivers in all types of connected or autonomous vehicles.
The regulations will stipulate that all OEMs, as well as their supply chains, must meet certain requirements to protect against current and future cyber vulnerabilities and the penalty for not meeting these requirements is potentially that manufacturing of the affected vehicles will be stopped until such time as they become compliant – a commercial as well as reputational disaster. And with all vehicles that were under development from mid-2022 onwards included in these regulations, the size of the task is not to be underestimated.
However, a recent study by Kaspersky painted a bleak picture of the industry’s readiness to comply, with 42% of leaders stating they have no plan in place and 68.5% still seeking more understanding of the regulations’ impact on their businesses. The complex nature of automotive supply chains seems to be one particularly challenging area with 64% believing their supply chains were vulnerable.
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