FPT Software and VinCSS have recently announced their collaboration in the field of automotive cybersecurity. This partnership aims to combine resources and expertise to deliver secure solutions to users.
As part of the collaboration, FPT Software will integrate VinCSS solutions into its existing products and services to enhance its cybersecurity capabilities. This integration will enable FPT Software to tap into more demanding markets, such as the US and Europe, where VinCSS’s internationally recognized automotive cybersecurity solutions are crucial. Additionally, VinCSS will provide security training materials to enhance FPT Software’s customer support capabilities.
On the other hand, this partnership will allow VinCSS to access FPT Software’s global customer network, paving the way for new business opportunities.
Mr. Kinh Nguyen, CEO of FPT Automotive, expressed optimism about the partnership, stating, “With decades of experience, a strong staff team, and a globally known brand of FPT Software, combined with advanced cybersecurity solutions of VinCSS, I believe this partnership will open the way for us to bring special values to global customers and shape the future of the smart automobile industry.”
Similarly, Mr. Tin Nguyen, Director of Raw Media Security Block Minh Minh VinCSS, emphasized the significance of the collaboration, explaining, “Although VinCSS has achieved significant success in deploying automotive cybersecurity services in the region, this cooperation with FPT Automotive will allow us to expand its scope. FPT Software’s extensive network will help us reach markets that are looking for leading security service providers like VinCSS.”
The automotive industry is undergoing a significant transformation, with vehicles evolving into complex systems interconnected and supported by software. The increasing integration of software in cars brings about heightened security risks, potentially leading to serious consequences for vehicle performance, driver safety, and privacy.
It is projected that the number of connected vehicles worldwide will surpass 470 million by 2025, resulting in a substantial increase in cybersecurity risks. Studies indicate that automotive cybersecurity incidents have surged by 605% since 2016, and the industry could suffer losses of up to $505 billion due to cyber attacks by 2024.
To mitigate these challenges, automakers and Tier 1 suppliers must implement robust cybersecurity measures across all stages, from design to manufacturing, commercialization, and use, continuously monitoring and updating these measures. The collaboration between FPT Software and VinCSS seeks to address these critical cybersecurity challenges in the automotive industry.