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Tighten up on cyber security, or face the SEC

In the auto industry, increasing cyber risks range from basic phishing to significant exposure through security exploits on the factory floor and in connected/autonomous vehicle technology. By Brian Balow

According to the New York Times, “Manufacturers Remain Slow to Recognize Cybersecurity Risks” (18 November 2018). If true, it may be due in part to the lack of data security laws or regulations directed at manufacturing operations. Healthcare and banking have been dealing with HIPAA and GLBA for over a decade, and as a result are relatively mature in terms of safeguarding their electronic data from attack. This could be attributed to the fact that these industries rely heavily—if not entirely—on personal information for their existence.

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