Autonomous Vehicles: Risk Management Issues and Concerns

No new technology comes without its drawbacks. As these autonomous vehicles are released into the market, what could go wrong? Several factors will need to be considered: cyber security, the shift in liability, and changes in underwriting to keep current with technology trends. New Cyber Security Risks It Comes Down to Control The link between cyber security and cars is a new concept, and it’s one that should not be underestimated. Here is an illustration. In July 2015, two hackers, Charlie Miller and Chris Valasek, developed a tool to hijack the controls of a Jeep Grand Cherokee while the driver, senior writer for WIRED, Andy Greenberg, was at the wheel in St. Louis. Andy did not know what exactly would happen during the experiment. He was surprised when his vehicle began blasting cold air, his radio station was switched, the windshield wipers turned on, and the transmission was cut while he was traveling at 70 mph down the highway. The hackers were able to take control of Andy’s vehicle through the Jeep’s entertainment system. Fortunately for Andy, he knew who was behind this attack and was aware it was coming. The hackers conducted this experiment as part of a grant funded by the Defense Advanced Research Projects Agency (DARPA). It is part of an effort to understand the vulnerability of vehicle systems to cyber attacks.

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