Mentions of cybersecurity within just the filings of organizations in the automotive market rose 19% concerning the third and fourth quarters of 2021.
In overall, the frequency of sentences similar to cybersecurity for the duration of 2021 was 144% increased than in 2016 when GlobalData, from whom our information for this article is taken, to start with began to keep track of the vital issues referred to in company filings.
When companies in the automotive business publish yearly and quarterly reviews, ESG experiences and other filings, GlobalData analyses the textual content and identifies particular person sentences that relate to disruptive forces struggling with companies in the coming years. Cybersecurity is just one of these subject areas – firms that excel and invest in these locations are believed to be improved organized for the future small business landscape and superior outfitted to survive unexpected worries.
To assess no matter whether cybersecurity is showcasing much more in the summaries and approaches of companies in the automotive industry, two actions were being calculated. For starters, we seemed at the percentage of corporations which have pointed out cybersecurity at the very least when in filings for the duration of the previous twelve months – this was 81% when compared to 66% in 2016. Next, we calculated the share of total analysed sentences that referred to cybersecurity.
Of the 10 biggest employers in the automotive business, Magna was the organization which referred to cybersecurity the most throughout 2021. GlobalData discovered 61 cybersecurity-related sentences in the Canada-dependent firm’s filings – 1.4% of all sentences. Lear described cybersecurity the next most – the challenge was referred to in .9% of sentences in the firm’s filings. Other top rated employers with superior cybersecurity mentions incorporated Mercedes-Benz, Stellantis and Ford.
Across all businesses in the automotive market the filing published in the fourth quarter of 2021 which exhibited the biggest concentrate on cybersecurity arrived from GM. Of the document’s 2,744 sentences, 25 (.9%) referred to cybersecurity.
This examination provides an approximate indicator of which companies are concentrating on cybersecurity and how critical the concern is deemed within the automotive field, but it also has limitations and must be interpreted very carefully. For case in point, a firm mentioning cybersecurity extra frequently is not necessarily proof that they are utilising new tactics or prioritising the situation, nor does it suggest regardless of whether the firm’s ventures into cybersecurity have been successes or failures.
GlobalData also categorises cybersecurity mentions by a sequence of subthemes. Of these subthemes, the most normally referred to matter in the fourth quarter of 2021 was ‘data security’, which made up 68% of all cybersecurity subtheme mentions by companies in the automotive business.