Mentions of cybersecurity in just the filings of corporations in the automotive marketplace rose 19% amongst the third and fourth quarters of 2021.
In complete, the frequency of sentences connected to cybersecurity throughout 2021 was 144% larger than in 2016 when GlobalData, from whom our details for this article is taken, 1st started to keep track of the key challenges referred to in organization filings.
When organizations in the automotive industry publish once-a-year and quarterly reviews, ESG reviews and other filings, GlobalData analyses the textual content and identifies particular person sentences that relate to disruptive forces facing providers in the coming several years. Cybersecurity is a single of these subjects – providers that excel and spend in these areas are imagined to be far better organized for the potential business landscape and greater outfitted to survive unforeseen worries.
To assess no matter whether cybersecurity is that includes far more in the summaries and methods of providers in the automotive industry, two steps had been calculated. First of all, we appeared at the percentage of firms which have stated cybersecurity at least after in filings in the course of the past twelve months – this was 81% as opposed to 66% in 2016. Next, we calculated the proportion of total analysed sentences that referred to cybersecurity.
Of the 10 most significant companies in the automotive sector, Magna was the enterprise which referred to cybersecurity the most for the duration of 2021. GlobalData determined 61 cybersecurity-similar sentences in the Canada-based company’s filings – 1.4% of all sentences. Lear outlined cybersecurity the next most – the difficulty was referred to in .9% of sentences in the company’s filings. Other top rated businesses with substantial cybersecurity mentions bundled Mercedes-Benz, Stellantis and Ford.
Across all corporations in the automotive business the filing printed in the fourth quarter of 2021 which exhibited the finest emphasis on cybersecurity came from GM. Of the document’s 2,744 sentences, 25 (.9%) referred to cybersecurity.
This assessment presents an approximate indication of which businesses are focusing on cybersecurity and how critical the challenge is thought of within just the automotive industry, but it also has limitations and must be interpreted thoroughly. For illustration, a company mentioning cybersecurity extra routinely is not essentially evidence that they are utilising new techniques or prioritising the challenge, nor does it indicate no matter whether the firm’s ventures into cybersecurity have been successes or failures.
GlobalData also categorises cybersecurity mentions by a sequence of subthemes. Of these subthemes, the most typically referred to matter in the fourth quarter of 2021 was ‘data security’, which made up 68% of all cybersecurity subtheme mentions by corporations in the automotive field.