Automotive industry

Auto industry filings buzz: 57% increase in cybersecurity mentions since Q2 2020

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Cyber ​​security mentions in auto industry company records increased 33% between Q1 and Q2 2021.

In total, the frequency of cybersecurity-related convictions between July 2020 and June 2021 was 109% higher than in 2016 when GlobalData, from which our data is extracted for this article, began tracking the main issues raised in the cases. enterprises.

When companies in the automotive industry release annual and quarterly reports, ESG reports, and other documents, GlobalData analyzes the text and identifies individual sentences that relate to the disruptive forces companies will face in the years to come. Cyber ​​security is one such topic – companies that excel and invest in these areas are seen to be better prepared for the future business landscape and better equipped to deal with unforeseen challenges.

To assess whether cybersecurity figures more in the syntheses and strategies of companies in the automotive industry, two measures were calculated. First, we looked at the percentage of companies that mentioned cybersecurity at least once in their reports in the past twelve months – it was 88% compared to 66% in 2016. Second, we calculated the percentage of cybersecurity. total of analyzed sentences referring to cybersecurity.

Among the 50 largest employers in the automotive industry, Yamaha Motor Co Ltd was the company that made the most reference to cybersecurity between July 2020 and June 2021. GlobalData identified 93 cybersecurity-related sentences in the files of the company based in Japan – 1.1% of all sentences. Magna International Inc named cybersecurity second – the problem was mentioned in 1% of sentences in company documents. Other top employers with high cybersecurity mentions include Aisin Seiki Co Ltd, Lear Corp and Daimler AG.

Across all companies in the automotive industry, the dossier released in Q2 2021 that placed the most emphasis on cybersecurity came from Yamaha Motor Co Ltd. Of the 1,459 sentences in the document, 20 (1.4%) referred to cybersecurity.

This analysis provides a rough indication of which companies are focused on cybersecurity and the importance of the issue being considered in the automotive industry, but it also has limitations and should be interpreted with caution. For example, a company that mentions cybersecurity more regularly is not necessarily proof that it is using new techniques or prioritizing the problem, nor does it indicate whether the company’s cybersecurity companies have been successes or failures.

GlobalData also categorizes cybersecurity mentions by a series of subtopics. Among these sub-topics, the most frequently mentioned topic in Q2 2021 was “data security,” which accounted for 86% of all mentions of cybersecurity sub-topics by companies in the automotive industry.