Research and Markets - Nissan Forced to Disable Connected Car App After Hack

Feb 26, 2016, 07:42 ET from Research and Markets

DUBLIN, February 26, 2016 /PRNewswire/ --

The global connected car market is expected to reach a value of USD 153.6 billion by 2020, according to an industry report available from Research and Markets. The report states that consumer concerns over data safety and privacy is a major challenge to this market, a challenge confirmed today as Nissan Motor Co were forced to disabled a mobile app for their Lead electric car due to security concerns about remote accessibility.

     (Logo: http://photos.prnewswire.com/prnh/20130307/600769 )

Security research Troy Hunt was able to hack into a friend's Leaf car and access information for the vehicle's climate controls and battery status. Hunt was based in Norway during the demonstration, while the car was located in the UK. Hunt revealed that the only piece of information required to compromise the application's programming was the vehicle identification number, visible through the windshield.

The global auto cyber security market is forecast to grow at a CAGR of 13.2% during the 2015-2020 period, as noted in a recent report. Todays events could see further investment in cyber security technology from automotive manufacturers, resulting in further growth.

The global connected car M2M connections market is estimated to grow at a CAGR of 28% by 2020, as stated in a technology analysis report. However, cyber security risks such as the one exposed by Troy Hunt must be minimized in order to build consumer confidence and encourage sales in this market. 

For further information on this topic, and a full list of all related documentation, please visit the Internet of Things section at http://www.researchandmarkets.com/rm/MJIL.

Source: http://www.bloomberg.com/news/articles/2016-02-26/nissan-disables-leaf-electric-car-app-after-cross-continent-hack

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: +1-646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets