What the Banking Industry Expects from Connected Cars
Posted on Feb 9, 2017 in Industry News | Comments Off on What the Banking Industry Expects from Connected Cars
The American Banker recently looked at ways in which the connected car might affect not only the roads, but the finance world as well. People might be able to make “truly mobile-payments” as they go through toll booths, visit a drive-through, or stop for gas. Fully autonomous vehicles might even make purchases without human involvement. Customers might also be able to do their banking...
NADA Releases Automotive Privacy Guide
Posted on Feb 2, 2017 in Industry News, Technology Impacting Auto Insurance | Comments Off on NADA Releases Automotive Privacy Guide
The National Auto Dealers Association recently release a guide regarding consumer privacy and data collection in modern cars. The guide, titled “Personal Data In Your Car,” covers the different ways data from vehicle operators is collected, used, and shared. Data has been collected for years through Event Data Recorders and On-Board Diagnostic ports, but the report identifies multiple...
Facebook and Car Insurance
Posted on Nov 3, 2016 in Insurance Developments and Trends, Technology Impacting Auto Insurance | Comments Off on Facebook and Car Insurance
A car insurer that planned to use Facebook data to set car insurance premiums has had to change its plans after Facebook clarified that such use would violate its privacy guidelines. Admiral Insurance had planned to offer a “first car quote” app to young motorists in the UK. It would analyze Facebook “likes” and posts to determine the driver’s level of risk. The insurer could then...
Cybersecurity Best Practices in the Auto Industry
Posted on Jul 26, 2016 in Industry News | Comments Off on Cybersecurity Best Practices in the Auto Industry
The Automotive Information Sharing and Analysis Center (Auto-ISAC) has released cybersecurity best practices to protect against risks in the auto industry. Auto-ISAC identified seven functions that cover the various ways in which cybersecurity threats affect the “motor vehicle ecosystem”: governance, risk assessment and management, security by design, threat detection and protection,...
Fed Warns Public About Car Hacking
Posted on Mar 24, 2016 in Technology Impacting Auto Insurance | Comments Off on Fed Warns Public About Car Hacking
The FBI , the Department of Transportation (DOT), and the National Highway Safety Traffic Administration (NHTSA) have issued a bulletin warning the public that vehicles are becoming increasingly vulnerable to hacking. The agencies have offered tips to prevent hacking, including limiting the number of third-party devices you plug into your car and ensuring your vehicle’s software is up...
