How to Effectively Secure Your Vehicles from Cyberattacks?

How to Effectively Secure Your Vehicles from Cyberattacks?

How to effectively secure your vehicles from cyberattacks? 

The topmost goal for automobile manufacturers is vehicle safety, which now corresponds to cybersecurity more than ever before with software-driven automobiles. Considering these smart automobiles which are incredibly digitally transformed data centers; that is part mainframe, part mobile device, with loaded Internet of Things (IoT) devices make them more prone to targets for cybercriminals. Earlier in August 2022, a report was published revealing the six vulnerabilities found in in-vehicle GPS tracker MV720 of MiCODUS, if compromised in a cyber-attack could affect over 1.5 million vehicles in 169 countries. The hackers could retrieve sensitive data, manipulate the data, track or even immobilize a vehicle using these GPS trackers. 

How the companies relying on similar vehicle GPS trackers can enhance their security and manage vulnerability without compromising their assets? 

Safe coding practices (preventing shutdowns when the vehicle is moving, providing backups in the event of errors) should be made indispensable during software development. In case of overlooked security developments in software, analysis and threat assessment should be utilized to discover potential threats. Alongside architectural analysis and threat modeling, penetration testing should be conducted to identify vulnerabilities incorporated into production systems as a result of earlier analyses. By simulating the behaviors of a cyberattacker, cyber security specialists can uncover potential threats and assess the overall effectiveness of an organization’s security. 

Vehicle insurance telematics
Vehicle insurance telematics

To swiftly repair security vulnerabilities without creating additional attack vectors when loading updates and configuration data packets from the internet, institutions must use secure over-the-air (SOTA) updates. Trucking firms and GPS/fleet management suppliers must both be diligent when it comes to cyber security. In the coming years, the automobile industry’s reliance on software and networking will only expand; for the automobile industry’s future success, it is of fundamental importance to incorporate comprehensive cybersecurity into all aspects of autos and systems with better vulnerability management which varies in complexity depending on different architectures and does not clutter the communication and workflow of security assessment, analysis, and remediation. 

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Advanced Telematics Shaking Hands with OEMs

Advanced Telematics Shaking Hands with OEMs

Advanced Telematics shaking hands with OEM  

According to the report from Berg Insights, “Global Automotive OEM Telematics Market” 82.7% of all vehicles manufactured in 2024 will have embedded telematics. So, what does this mean for your fleet? 

Traditionally, a standard telematics system immediately notifies the fleet manager of the fault code that occurred (critical or noncritical), rather than providing a probable cause and a recommended solution. A fleet manager supervising 1000 machines may receive 100 or more emails or texts per day containing noncritical fault codes with a probability of fraction of those alerts, if not addressed quickly, could lead to a major problem, such as engine failure. With a crowded inbox full of noncritical alerts, the probability to acknowledge critical alert are less which could potentially result in downtime that could have been avoided if fault code alerts were sorted based on their nature. 

To assist the fleet managers in navigating the overwhelming quantity of data emerging from their vehicles, fleets collaborating with OEM to provide alerts and break down actionable reports to improve uptime and efficiency. The software in an OEM-managed telematics system sorts through machine fault codes and only alert the user or fleet manager when they are critical. An advanced telematics system alert should consist of the exact reason for the alert, what is causing the problem and what will happen if action to fix the issue is not taken 

Vehicle insurance telematics
Vehicle insurance telematics

Telematics service providers, such as Eagle-I, provide raw data to OEM partners, who can then translate it into severity codes, which are then analyzed by the OEM and uploaded to the Eagle-I platform, resulting in a single platform for more accessible and informed fleet choices. Telematics service providers, such as Eagle-I, provide raw data to OEM partners, who can then translate it into severity codes, which are then analyzed by the OEM and uploaded to the Eagle-I platform, resulting in a single platform for more accessible and informed fleet choices. 

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Fleet Data Vulnerabilities: Handle with care! 

Fleet Data Vulnerabilities: Handle with care! 

Fleet Data Vulnerabilities: Handle with care! 

Big data has created a significant impact on practically every industry in recent years and the fleet management industry is following the ongoing trend without any reservation. The potential of big data has elevated fleet management to a notch higher. Businesses that manage fleets are investing significantly in telematics. The extensive data collected by the fleet vehicles via telematics technology has enabled fleet managers with real-time feedback when coupled with data analytics but this connectivity also raises security concerns. Endpoints in connected fleets are quickly becoming more prevalent with the advancement of IoT technology. 

Identifying fleet data vulnerabilities is the preliminary step in evaluating the security of fleet data 

1. Choose your telematics service providers wisely

The first step in protecting fleet data from both device and user vulnerabilities is research. Prior to beginning business with a potential telematics service provider, organizations must assure that they comply with security regulations by CITC Cybersecurity Regulatory Framework (CRF). Since the majority of firms have suffered a third-party data breach as any flaws in these areas might undermine all other security measures. 

Fleets should look for vendors such as Eagle-I who can give solid confirmation of strong security standards complied with the CITC Cybersecurity Regulatory Framework (CRF). 

    Vehicle insurance telematics
    Vehicle insurance telematics

    2. Ensure data encryption 

    Fleets must ensure their telematics devices enable higher encryption levels. Data encryption at rest is as crucial as it is in transit to ensure confidentiality. Many IoT devices do not activate encryption by default, fleet security experts must ensure that it is enabled before deploying it to their systems. Know the encryption policies of your telematics service provider, how their security is validated, and how they maintain their infrastructure. All information kept in a fleet database should use the same encryption standards to mitigate the consequences of a breach. 

      3. Limited Access Privileges 

      Access to data should be just as limited as access to vehicles. Identity and Access Management (IAM) techniques such as role-based access restrictions should be implemented. It will aid in tracing the source of a breach if one occurs. This accountability can also aid in network enhancements and deter hostile insider behavior. 

        Vehicle insurance telematics
        Vehicle insurance telematics

        4. Two-factor authentication 

        IAM is one-half of controlling access privileges. Fleet security teams must also create mechanisms to authenticate device and user identities to guarantee that everyone who accesses a database is whom they claim to be. Besides practicing good password hygiene, multi-factor authentication should be used. As part of IAM measures, authentication methods such as tokens and cryptography should be used to secure telematics devices. 

          Eagle-I uses the above-mentioned strategies to recognize, manage, and minimize data vulnerabilities and security risks to ensure fleet data delivers its full potential without introducing unnecessary hazards. 

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          What Is Multifactor Authentication and How Does It Work?

          What Is Multifactor Authentication and How Does It Work?

          What is multifactor authentication and how does it work?

          Two-Factor Authentication (2FA) – also referred to as Multi-factor Authentication (MFA) is a layered approach to secure data and applications, by extending a combination of two or more credentials to verify a user’s identity for login in order to prevent it from being compromised.

          How does multifactor authentication work?

          MFA is a fundamental element of a successful identity and access management (IAM) policy. MFA reduces the risk of a successful cyber-attack by requiring one or more extra verification criteria, rather than just a login and password. In case of one credential compromise, unauthorized users are unable to manage the second authentication criterion and hence cannot access your computing device, network, or database.

          Multifactor authentication involves combination of different kind of factors to authenticate your identity, when you try to sign in first time into an app or device. It can be done by Inherence based MFA

          • Fingerprint, or facial recognition or voice

          Possession based MFA

          • OTPs generated by smartphone apps
          • OTPs sent via text or email

          Knowledge based MFA

          • Answers to personal security questions
          • Password
          • Memorized PIN.

          However, the second step authentication will not be required quite often.

          Multifactor authentication is not as cumbersome as some people think; it is often used just the first time you enter into an app or device, or the first time you sign in after resetting your password. Once done you can use your primary factor to sign in, (which is often a password), like you do normally. The added security comes from the fact that anyone attempting to hack into your account is unlikely to be using your device, so they’ll need that second factor to gain access.

          Eagle-IoT supports Two-Factor Authentication for your account security, and Telematics services to enhance the stability and security of our partner organizations.

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          ERP vs Fleet Management Software – What you need to know?

          ERP vs Fleet Management Software – What you need to know?

          ERP vs Fleet Management Software – What you need to know?

          Often organization with extensive operations, face an ongoing battle whether to use an existing ERP system by adjusting it for their fleet management or should they acquire a separate Fleet Management Software? Chances are that an organization head will claim that the firm has already paid for an ERP system which incorporates all operations into it. Why pay for an additional software that isn’t “necessary”?

          Despite of several proven advantages of an ERP system when it comes to managing total corporate resources and integration, it often fails to meet the demands when it comes to the complex fleet management processes and operations. For instance, an ERP system provide the generic work order reports which lacks the flexibility to create intelligent reports to measure the KPI’s and performance of any fleet. Besides this, manual data entry makes it more prone to errors. In addition to this, it provides limited interface with inventory control.

          Fleet Intelligence Just Got Better!

          Since fleet operations require systems that are tailored to their specific requirements which considers their complexity and performance speeds, making it large-complex operation.

          Why car rental firms need telematics to upstream their revenue

          Does this imply that an ERP system is incapable of managing a fleet? While an ERP system may handle a portion of the tasks required, but an organization requires a full-fledged Fleet Management Software Solution such as Eagle-I that not only collects the data but also perform strategic planning and make decisions to manage fleets throughout their whole operation.

          Eagle-i has a centralized cloud-server that can be easily integrated into existing company systems including its ERP. To add expanded functionality, efficiency, seamless and efficient operation, organizations can integrate their existing ERP and MIS system with Eagle-I advanced vehicle tracking and fleet management software with suitable levels of automation.

          Eagle-i has a centralized cloud-server that can be easily integrated into existing company systems including its ERP. To add expanded functionality, efficiency, seamless and efficient operatio, organizations can integrate their existing ERP and MIS system with Eagle-I advanced vehicle tracking and fleet management software with suitable levels of automation. The integration of Eagle-I with ERP system provides you a single click glass pane view of work orders, expenses, repairs, inventories, suppliers, mileage, compliance, vehicle history, and warranties.  Keep track of the fleet’s Total Cost of Ownership (TCO) and Return of Investment (ROI): a critical statistic to enhance the efficiency and productivity of your fleet. Besides this, it can prevent future downtime by using preventive maintenance, provides real-time driver behaviour, and asset utilization

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          Vehicle Insurance Telematics: A Way To Get Hold Of Low Auto Insurance Annual Premiums

          Vehicle Insurance Telematics: A Way To Get Hold Of Low Auto Insurance Annual Premiums

          Vehicle insurance telematics a way to get hold of low auto insurance annual premiums.

          With ever-increasing inflation and fuel price hike, vehicle insurance telematics appear to be band-aid to get hold of low annual premiums of auto insurance. Besides low premiums, vehicle insurance telematics may prove itself as waypost for safer roads. According to the poll conducted by MoneyGeek, of over 1,000 motorists which include 10% of Generation Z ((1997 – 2012), 31% were millennials (1981 – 1996), 32% were Generation X (1965 – 1980), and 26% were baby boomers (1955 – 1964). 39% of respondents stated they would opt into telematics for a 5% premium decrease, including 48% of Gen Z and 47% of millennial drivers. 37% answered they would prefer no discount, 11% a 10% discount, and 13% a 20% discount.

          The survey was conducted to understand the confidence of drivers in the insurance companies with their driving data. the results indicated that the majority would accept a discount in return for the data. More than half of respondents stated they would allow their insurers to monitor their driving in exchange for lower insurance prices.

            Vehicle insurance telematics
            Vehicle insurance telematics

            Survey respondents highlighted three reasons for their reluctance to utilize telematics insurance services: mishandling of the information leading to a privacy breach, information being utilized for legal purposes, or disclosure of their driving data might lead to marketing campaigns

              Less likely to share data about

              Location (25%)

              Acceleration (31%)

              Hard braking or cornering (32%)

              Phone usage while driving (33%)

              Comfortable in sharing data about

              Mileage traveled (51%)

              Time of day driving (42%)

              Frequency and duration of driving (41%)

              Speed (39%)

              Telematics aids in the reduction of rates for safe or low-risk drivers. While people involved in frequent accidents may pay a higher premium, however telematics service providers such as Eagle-i can urge them to practice safe driving habits. Not only a better driver pays less for insurance but also scores good on Eagle-I driver scorecard.

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