76% of US SMEs are concerned about EV security

While electric vehicles (EV) are becoming increasingly popular among consumers around the world, enterprises and small, medium enterprises (SMEs) are also beginning to adopt the technology. In fact, more businesses are expanding and adopting EVs into their service fleets, particularly in the US.

According to a survey by Hartford Steam Boiler Inspection and Insurance Company (HSB), 15% of SMEs in the US have leased or purchased EVs for commercial use. For example, Amazon’s EV startup Rivian started delivery in several US cities last year. Amazon is already redesigning some delivery stations to service EVs. In 2020, Amazon delivered more than 20 million packages to customers in electric delivery vehicles across North America and Europe.

Despite this, the survey also revealed that 76% of SMEs are still concerned about the security of EVs. Many SMEs fear that EVs are susceptible to hacking, ransomware, and other forms of cyberattacks. For example, cybercriminals could target EV charging stations to launch cyberattacks on a company.

At the same time, 13% of business owners and managers said that at some point a computer virus, hacking incident, or other cyberattack had damaged or otherwise affected their commercial vehicles. Over half (56%) are somewhat or very concerned their vehicles could be immobilized or made inoperable, their safety compromised, and a hacker could communicate and confront them over their audio system.

“The technology is advancing swiftly and there is a growing need to focus on the cybersecurity of electric vehicles. With the rush to make the switch to electric cars and trucks, owners and the EV industry should step up their efforts to protect vehicles and charging infrastructure from cyberattacks,” said Timothy Zeilman, vice president for HSB, part of the Munich Re insurance group.

A recent example of an EV hack was experienced by Tesla. Several Tesla models were reported to be compromised earlier this year when a 19-year-old hacker was able to unlock doors and windows, start cars without keys and disable the vehicle’s entire security system remotely.

While the hacker did reach out to Tesla to point…