Leading EV Manufacturer BYD Selects Karamba Security to Meet Global Automotive Cybersecurity Regulations
June 04 2024 - 9:00AM
As the 11th annual Escar USA automotive cybersecurity conference
opens, Karamba Security, the leader in end-to-end product security,
today announced that BYD, one of the world’s largest EV
manufacturers with annual revenues exceeding $13.8 billion USD, has
selected Karamba’s VCode software to automatically create a
Software Bill of Materials (SBOM) for the electronic control units
(ECUs) it uses, secure its supply-chain and meet cybersecurity
regulation UN R155.
BYD joins other leading U.S., European and Chinese vehicle OEMs
that use VCode to create SBOM, manage supply-chain security and
assure that firmware used does not include critical vulnerabilities
that may put customers at risk. As with all of its customers,
Karamba Security’s VCode will also enable BYD to accelerate its
compliance with global automotive cybersecurity regulations, now
mandatory in many of the world’s largest markets.
In March of this year, BYD became the world's first automaker to
produce its seven millionth new energy vehicle, including EVs and
PHEVs. Present in 64 countries and regions globally, BYD shipped
1.6 million EVs in 2023, approaching Tesla's position as the
industry leader with 1.8 million for the year. In fact, BYD shipped
more EVs than Tesla in Q4 last year.1
Karamba is a leader in end-to-end product cybersecurity,
including automotive electronic control units (ECUs) and other IoT
and edge products. With the increased safety and privacy risks that
may be caused due to hacking vehicles and IoT products, regulators
are now mandating OEMs and suppliers to secure their devices. Such
cyber regulations may delay products’ time to market and have a
significant toll on device manufacturers’ businesses. Karamba's
software solutions enable OEMS and suppliers to secure their
devices and meet global cybersecurity regulations without
interfering with R&D, or delay products' time to market.
“Karamba Security is proud to help successfully bridge U.S.,
European, Chinese and other nations’ OEMs with their global markets
by ensuring they meet rigid cybersecurity regulations and protect
their customers,” said Ami Dotan, co-founder and CEO of Karamba
Security. “Karamba, regulators and automotive manufacturers are
united in our commitment to secure vehicles and global supply
chains against hackers, who are blind to nationality and are
willing to put customer safety and privacy at risk for financial or
terrorist reasons.”
About VCode binary analysis software
Used during software validation, VCode helps automotive OEMs and
IoT device manufacturers to automatically create SBOM of their
devices, and automatically identify supply-chain cybersecurity
issues and address them before production. It identifies,
prioritizes and mitigates security gaps in the software image,
specifically third-party modules, and serves as a product security
scorecard both internally, for customers and auditors.
VCode binary analysis software works seamlessly with Continuous
Integration/Continuous Design (CI/CD) pipelines or runs stand-alone
on customer premises. It identifies vulnerabilities, as well as
CVEs, covering a wide range of security misconfigurations and
coding errors including weak passwords, risky tools, suspicious
data, unsecure binaries and more.
As part of VCode SBOM, the tool provides details on the
filesystems and on each component in the image, including
third-party software. It provides essential context information
including location, CVE count, highest severity for CVEs,
dependencies and, where available, library version number and
associated license type. An easy-to-use filtering mechanism allows
for studying the data and identifying actionable insights.
More information is available at www.karambasecurity.com and
follow on Twitter @KarambaSecurity.
About Karamba SecurityKaramba Security is the
world leader in End-to-End security for IoT products. IoT product
manufacturers in automotive, medical devices, renewable energy and
enterprise edge rely on Karamba’s products and services to
seamlessly protect their connected devices against cyberattacks and
comply with industry regulations. With more than 120 successful
engagements with Fortune 100, and Global 500 companies, automotive
and IoT product manufacturers trust Karamba’s award-winning
solutions for compliance and brand competitiveness when protecting
their customers against cyber threats.
More information is available at www.karambasecurity.com and
follow us on LinkedIn at
www.linkedin.com/company/karamba-security.
Media Contact:Montner Tech PRDeb Montner,
dmontner@montner.com
Chloe Amante, camante@montner.com
1 “Tesla overtaken by China's BYD as world's biggest EV maker,”
Financial Times, January 2, 2024
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2b3df32e-e2ca-4828-bc44-fcd66debc280