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Cyber Security

Where Automotive Cybersecurity is Headed in 2019

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The automotive industry is now adopting this trend and transforming their cars with IoT ecosystem incorporated which will make things way easier for their consumers. If we connect our vehicles to the internet, it will then help people control the cars with the help of their smartphones and handle more things some of them being; remotely starting it, taking it out of the garage and using the free features.

As we all know that with the development made in the spectrum of IOT the use of technology has spread like wildfire as most of us use some device which is connected to the internet or cloud.

Technology is ever evolving, and there are more connected cars than ever, many manufacturers are keeping up with the increasing demand and generating more cars than ever which means that more and more hackers will try to get in.

One of the most significant concern currently is Automotive cybersecurity due to them being connected to the internet twenty-four seven, a lot of cyber-attacks take place on these systems, and the biggest issue is that they are not protected. Car cybersecurity has become a real issue which needs to be addressed as soon as possible, hacking is not a new thing when knowing that all of us are familiar with the world of internet, but is now becoming an issue with cars also

Nowadays companies are taking vehicle cybersecurity much more seriously due to the risks of hacking, and there are a lot of problems that can be caused by hacking some of them are:

1. Vulnerabilities in an external communications protocol

The communication protocols in cars are required for the functioning of the car’s systems and is a frequent target by hackers, so to protect these systems it is necessary to install some kind of security systems which can help in protecting them. The most common communications protocols found in cars are 3G/LTE and V2x.

2. Vehicle Theft 

Vehicle theft is a common problem that can be caused because of a compromised communications protocol of the car; hackers usually keep track of the car and find the right time and location to steal it.

3. Data Theft 

Data theft has been a problem for a long time in this world of new technologies, and for decades it has haunted firms. Previously it was just a problem faced by computers and smartphones but, now cars can also be affected by data theft, you see cars are also connected to the internet all the time.

Many companies are now offering a cyber-security analysis center which helps the car user to keep track of the vehicle’s security 24/7 and keeps sending the data to the security company. OEMs (Original Equipment Manufacturer) have also begun using intrusion detection and prevention systems built into the vehicle‘s systems.

This system will help you examine the activity in a vehicle‘s system, and if anything does not match its profile, alerts can be sent out that the system as promised by them. Moreover, if the activity in the navigation system does not match the expected pattern, it could be an indication that there is an adversary actor at work that needs to be dealt with.

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Cyber Security

The Influence of Technology in Banking Industry

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Technology brought about innovations in a large number of industries or sectors. The banking industry is no different. It experienced an ample amount of positive changes as well. Well for the workers, maybe not that much but for the consumers, banking is easier than ever before. Employees would not like this change because the banks will most probably not have a physical presence in the near future. Thanks to services like AT&T Service. These have made it easy for everyone to carry out transactions etc. without having to visit the bank.

Online banking is more popular than ever. Apart from that, technology influenced the banking industry in the following ways:

1. Online Banking

Online banking has made it so easy for you to carry out almost all the functions while you sit comfortably in your house. Before the introduction of online banking, banking did not exist in the virtual world. People always went to the town or a nearby branch of their banks to withdraw money, sort out their finances or transfer funds from one place to the other. They had to travel for everything related to the bank that they wished to do.

In fact, when online banking was introduced, many people had reservations about it. You can label them as trust issues. But yeah, people were reluctant to carry out online transactions. However, now it is so common, that individuals cannot think of their lives without it. Ask this question from yourself. What would you do if you want to transfer money to your friend’s account? Would you rather visit a bank or visit your online account? The latter, most probably. It is that easy these days.

2. Fraud Detection

With the ease of banking came easy fraud detection. Before the introduction of technology in the banking industry, the detection of fraud used to depend on man and machines both. There used to be a whole tedious process where the employees along with the machines would track evidence regarding the fraud. Now it is easier than before to identify a fraudulent transaction or activity. All thanks to AI.

It is progressing at a faster pace than anyone would imagine. In fact, it is progressing beyond the capacity of the people designing it. To an extent that AI is now able to detect fraud. The machine is capable of tracking the whole history of the victim. It will then detect the fraud based on the previous patterns of transactions etc. The machines do it as a much faster pace than humans. Hence, making it easy to punish the criminal.

3. Biometric Security

Biometric security is a blessing to the banking industry. Although the criminal minds find ways to cheat these systems as well. But a face scan or a fingerprint scan offer you more security than mere signatures. In fact, no one now prefers a manual process of identification in banks. A customer is more comfortable with taking a selfie and posting it for use as his ID credentials, according to some researches. And banks that do not offer features like biometric security are more likely to suffer. As people would not prefer them.

However, the banks also need to be aware of the security risks that can come as part of the biometric security system. A recent example of tricking a biometric system includes BBC’s attempt to fool HSBC’s voice system. To their surprise, the system was not sensitive enough to distinguish one twin’s voice from the other. The bank then agreed to take measures to improve the sensitivity of its system.

4. Voice Assistants

Banks are now making use of voice assistants as well to guide you through or answer any queries that you may have. Just like Amazon’s Alexa, the voice assistant also has the ability to respond to what you say. In fact, they are so good that you won’t be able to distinguish an AI robot from a real human being. Do not underestimate the voice assistants’ capabilities, as they will leave you shocked. Some banks are even training the voice assistants to narrate to you your previous day’s transactions.

However, banks are not the only places that are making use of such voice assistants. If you happen to call AT&T Customer service, for example, you might not have noticed, but many times the voice assistants answer you. So, it is becoming the norm now. Technology is bringing about positive changes in almost all industries. Lucky to be alive in this dynamic era.

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