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Risk Managers Say Cybersecurity Is Biggest Danger for Self-Driving Cars
Companies that assess insurance risks say their biggest worry about autonomous vehicles in the U.S. is the threat of cybersecurity, according to a poll by German reinsurance giant Munich Re.
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Companies that assess insurance risks say their biggest worry about autonomous vehicles in the U.S. is the threat of cybersecurity, according to a poll by German reinsurance giant Munich Re.
More than half (55%) of corporate risk managers rank cybersecurity their top concern, Bloomberg News reports. About one in four respondents say their biggest worry is how to apportion liability when conventional and self-driving vehicles share the road. Only 6% of those polled cite safety as their top concern.
Munich Re notes that insurers currently offer no product to contend with crashes, damages, injuries and fatalities blamed on lapses in a vehicle’s defense against hacking. Nearly two-thirds of the more than 100 risk managers queried say they have done nothing yet to prepare for the arrival of such vehicles.
The study reports that most companies remain skeptical about fully autonomous vehicles debuting in meaningful volumes in the U.S. within five years.
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