Risk managers worry about cybersecurity in self-driving cars

 

Bloomberg reports that cybersecurity “is the biggest concern for companies evaluating risk in the nascent self-driving vehicle industry, according to a survey conducted by Munich Re.”

The  reinsurer found that “55 percent of corporate risk managers surveyed named cybersecurity as their top concern about self-driving cars,” reported Bloomberg. “Cybersecurity included the potential hacking of an automated car’s data systems as well as the failure of smart road infrastructure, Munich Re said in an e-mail.”

“Cybersecurity is a new exposure when it comes to automobiles,” Mike Scrudato, head of Munich Re’s mobility operations, told Bloomberg.  “One of the factors that could increase premiums is the cyber exposure because there is no real cyber product being purchased in relation to auto today.”

To read the Bloomberg article, please hit this link.