Volkswagen and former Israeli head of Shin-Bet founded a cybersecurity company
15 September, 2016
The cooperation between the German automotive giant and former Israeli security officials has led to the founding of cybersecurity Cymotive Technologies. Volkswage holds 40% of the new company through its subsidiary AutoVision
Volkswagen, three leading Israeli experts and their team are jointly establishing an automotive cyber security company. The newly founded CYMOTIVE Technologies led by former head of Shin-Bet Yuval Diskin, Tsafrir Kats and Dr Tamir Bechor will develop advanced cyber security solutions for next generation connected cars and mobile services.
At the signing of the agreement, Dr Volkmar Tanneberger, Head of Electrical and Electronic Development for the Volkswagen brand, said: “The car and the Internet are becoming increasingly integrated. To enable us to tackle the enormous challenges of the next decade, we need to expand our know-how in cyber security in order to systematically advance vehicle cyber security for our customers. CYMOTIVE Technologies provides an excellent platform for doing this. It is a long-term investment in cyber security to make vehicles and their ecosystem more secure.”
Yuval Diskin, former head of the Israeli Security Services is excited about the new opportunity to secure the connected car business and mobile online services from cyber threats. “The new cooperation will take an innovative and strategic approach to cyber security. Together with Volkswagen we are building a top-notch team of cyber security experts. We are aware of the significant technological challenges that will face us in the next years in dealing with the cyber security threats facing the connected car and the development of the autonomous car.” Mr Diskin will be serving as the chairman of CYMOTIVE Technologies.