Cybersecurity firms are firing on all cylinders in response to the demand coming from the automotive industry. Yoav Levy, co-founder and CEO of Upstream Security, said the cybersecurity risk level has increased as vehicles get more software-driven. The evolution will also challenge cybersecurity companies with new and unknown threats.

The ways people and goods move have been evolving over the years. With technology advancements, electrification and digitization have become the prominent trends in the mobility industry, according to Meir Dardashti, a principal at Maniv Mobility.

Vehicle cybersecurity has become more likely at stake as cars enable connectivity. Karamba Security, an Israel-based startup, offers end-to-end solutions covering product security from design to vulnerability management. The company has acquired investments and partnerships with multiple Asian enterprises, looking for more opportunities in Southeast Asia.

With the global automotive industry moving towards full electrification, future vehicles are positioned to offer increasing levels of autonomy and connectivity, and cybersecurity is expected to become a new dimension of quality for cars.

Electric vehicles (EVs) are at the center of the world's push toward a decarbonized future, and the importance of cybersecurity in the automotive domain is without question.