German automaker Volkswagen and three Israeli cybersecurity experts established a new automotive cybersecurity firm on Wednesday, called CYMOTIVE Technologies.
The company, based in Herzliya, Israel and Wolfsburg, Germany, is a response to the growing epidemic of connected cars on the road with insecure software that is readily hackable.
See Also: Israel telco giant Bezeq dives into smart city market
Connected cars hacks have already been demonstrated quite a few times, in a variety of cars, showing the lax security measures most manufacturers employ

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Internet of Things