Cybellum, a market leader in automotive product security, today announces that Frost & Sullivan has named it the 2021 Company of the Year in the European vehicle security and risk assessment industry, based on its recent analysis of the global automotive software market. An automotive product security market leader, Cybellum earned this recognition due to its excellence in best practices.
Frost & Sullivan reserves this type of recognition for companies at the forefront of innovation and growth in the industry. It applies a rigorous evaluation of best practices criteria across two dimensions to evaluate multiple nominees before determining the final award recipient. Based on its resulting report, Cybellum excels in the vehicle security and risk assessment space in the areas of:
- Addressing Unmet Needs
- Best Practices Implementation
- Customer Purchase and Service Experience
- Leadership Focus
- Brand Equity
“Cybellum’s world-class vehicle security and risk assessment solution has come at a fortuitous time, when the automotive industry has tightened regulations for manufacturers to ensure vehicle safety and security,” said Dorothy Amy, Industry Analyst, Frost & Sullivan. “Cybellum’s Cyber Digital Twins™ platform is unique in that it allows automakers to continuously detect, identify, and trace potential cyberthreats in each vehicle component. It is a revolution in automotive cybersecurity, providing manufacturers the infrastructure to develop and maintain secure products at scale.”
Addressing automotive cybersecurity is crucial as connected vehicle software vulnerabilities can threaten customers’ data privacy and even their lives. Vulnerabilities, including mobile app weaknesses, personal data misuse, backend server hacks, and remote keyless vehicle system hacking, place connected cars’ security at risk. These risks invariably tarnish an OEM’s brand reputation and have a catastrophic effect on customer confidence and safety.
“This award is further evidence of the awareness and attention needed for product security challenges, such as its unaddressed needs and regulations. The growing number of connected cars, combined with increasing security standards and regulations, require specialized solutions, and Cybellum is proud to drive this industry forward. We are thankful to Frost & Sullivan for this recognition and look forward to continuing building innovative solutions and best practices for product security professionals,” said Slava Bronfman, CEO of Cybellum.