Category: News

4 May, 2023 . 2 mins read

AUTOCRYPT Releases Comprehensive Key Management Solution for Automotive Manufacturing

SEOUL, KOREA, May 4, 2023 — Automotive cybersecurity and mobility solutions company AUTOCRYPT released a comprehensive key management solution dedicated to the automotive industry. “AutoCrypt KEY” enables OEMs and suppliers to efficiently manage all types of cryptographic keys used for the components of connected and electric vehicles.

Modern vehicles function through communications, including internal communications between ECUs and application processors, and external connections with nearby vehicles, roadside infrastructure, mobile devices, and charging stations. To ensure that all transmitted data are safely encrypted and all connected components can be securely verified, the use of cryptographic keys is essential in establishing trust between vehicle hardware, users, and services.

Based on a robust key management system (KMS), AutoCrypt KEY provides all the key management features needed for automotive production, including symmetric key, asymmetric key, public key infrastructure (PKI), hardware security module (HSM) key storage, Quantum Random Number Generation (QRNG), encryption, certification, and digital signature. Beyond these features, AUTOCRYPT assists OEMs and tier suppliers in establishing an integrated key management framework across the supply chain, maximizing security and efficiency.

“With more and more advanced systems and components, cybersecurity now begins even prior to the automotive assembly line, with more and more component makers utilizing cryptographic keys in the production process,” said Daniel ES Kim, CEO of AUTOCRYPT. “AutoCrypt KEY guides OEMs and suppliers in establishing a secure and efficient key-based security architecture.”

AutoCrypt KEY was most recently adopted by major manufacturers of battery management systems and ADAS. To complement the solution, AUTOCRYPT provides consulting services to clients on regulatory and standard compliance.

For more information regarding AutoCrypt KEY, contact global@autocrypt.io.

2 February, 2023 . 2 mins read

AUTOCRYPT Achieves ASPICE CL2 for TEE-Based In-Vehicle Systems Security

SEOUL, KOREA, February 2, 2023 — A global leader in automotive cybersecurity and connected mobility technologies, AUTOCRYPT announced its certification for ASPICE Capability Level (CL) 2. One of the very first and few cybersecurity providers to achieve this certification, AUTOCRYPT was recognized for its well-established processes in securing in-vehicle systems and software.

ASPICE, or Automotive Software Process Improvement Capability Determination, is an assessment scale used to evaluate an automotive supplier’s software development and management procedures. It is a de facto standard for continuous improvements in the software supply chain, confirming all components are planned, performed, and managed systematically.

AUTOCRYPT obtained ASPICE CL2 certification for its AutoCrypt IVS-TEE software security platform, a trusted execution environment (TEE) built into application processors. Since the TEE is separated from regular operating systems, it allows applications to run in an isolated and secure environment. As one of the first to integrate TEE into the automotive ecosystem, AUTOCRYPT expects to further strengthen its international partnership network for in-vehicle software security.

“Automotive architecture is transforming rapidly. More and more application processors are built into vehicles to run advanced applications like ADAS, infotainment, and the central communication unit. This makes software security a key determinant of vehicle quality, reliability, and safety,” said Daniel ES Kim, CEO of AUTOCRYPT. “We look forward to integrating cutting-edge security technologies into the automotive supply chain to ensure a reliable and flawless software-defined experience.”

Beyond its usage in securing in-vehicle systems, AutoCrypt IVS-TEE will soon be integrated into security-critical services such as OTA, digital key, and smart EV charging. The solution is now available worldwide for OEMs and tier suppliers.

For more information regarding AUTOCRYPT’s in-vehicle systems security solutions and offerings, contact global@autocrypt.io.

7 December, 2022 . 2 mins read

AUTOCRYPT Accredited by WebTrust for CAs as V2X Root Certificate Authority

SEOUL, KOREA, December 7, 2022 — AUTOCRYPT, an industry-leading provider of automotive cybersecurity and connected mobility solutions, announced that it has been officially accredited by the AICPA/CICA WebTrust Program for CAs (Certification Authorities) as a root certificate authority for the V2X-PKI ecosystem, making it Asia’s first, and the world’s third V2X root certificate authority to receive the WebTrust seal.

The WebTrust Program accredits CAs after having licensed auditors conduct extensive audits to verify that the CA has adequate management capabilities and strictly follows its Certificate Practice Statement (CPS) by properly verifying organizations and protecting its certificate keys. The WebTrust seal is an internationally recognized symbol for safe practice in PKI and cryptography, to which many organizations demand WebTrust accreditation for all CAs involved in their supply chains.

AUTOCRYPT’s V2X-PKI CA (Certificate Authorization) Service acts as a root CA that registers, issues, manages, and revokes V2X certificates to subordinate CAs, supporting SCMS standards across North America, Europe, and China. Independently operated by its self-established security certification center, the service has undergone months of external audits and monitoring prior to receiving the accreditation.

“Aligning with our vision of enabling reliable and autonomous mobility for all road users, we developed our own root CA service to help establish trust within the V2X ecosystem,” said Daniel ES Kim, CEO of AUTOCRYPT. “By providing WebTrust-accredited certificate lifecycle management for V2X CAs, we look forward to enabling a streamlined V2X deployment process for our clients and partners, as well as encouraging more V2X implementations across a wider variety of use cases.”

Apart from serving as a V2X root CA, AUTOCRYPT offers a complete security solution for the V2X ecosystem, including a security module for OBU/RSUs, an SCMS backend, and an Integrated Management System (IMS) for SCMS that enables automotive OEMs to oversee all the SCMS certificates for their fleets via a graphical user interface.

For more information regarding AUTOCRYPT’s V2X security solutions and offerings, contact global@autocrypt.io.

8 November, 2022 . 2 mins read

Mobility Cybersecurity Firm AUTOCRYPT Selected as Winner of 2022 Red Herring Top 100 Global

SEOUL, KOREA, Nov. 8, 2022 — AUTOCRYPT, an industry leader and pioneer in automotive cybersecurity and connected mobility solutions, announced that it has been chosen as a winner in the 2022 Red Herring Top 100 Global awards program. The company has been recognized for its innovation and competence in securing connected mobility, as well as its contribution to Cooperative Intelligent Transport Systems (C-ITS) and autonomous driving.

The Red Herring Top 100 Global list recognizes outstanding startups and private enterprises from North America, Europe, and Asia, with an emphasis on transformative technologies. Red Herring editors were among the first to recognize the potentials of companies like Facebook, Twitter, Google, Yahoo, Skype, Salesforce, YouTube, and eBay.

AUTOCRYPT was established in 2019 after spinning off from South Korean cybersecurity powerhouse Penta Security, where it began as a connected car cybersecurity solution in 2007. Throughout nearly two decades of R&D in mobility-oriented encryption, PKI, and intrusion detection technologies, AUTOCRYPT has grown to become one of the world’s top five providers in securing V2X communications, embedded vehicle systems, and Plug&Charge applications for EV charging.1

Daniel ES Kim, CEO of AUTOCRYPT, commented, “It’s an honor to be recognized as one of the top 100 innovative startups in the world. We believe that bringing secure connections to the mobility ecosystem will substantially enhance road safety, traffic efficiency, and environmental sustainability.”

Three years since its establishment, AUTOCRYPT has grown from a small team of 20 to a mid-size company of nearly 300 employees. It has so far received a cumulative investment of over $40 million, sitting at a current valuation of above $120 million.

“After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 winners,” said Alex Vieux, CEO and Publisher of Red Herring. “We believe AUTOCRYPT embodies the vision, drive, and innovation that define a successful entrepreneurial venture. AUTOCRYPT should be proud of its accomplishment as the competition was very strong.”

AUTOCRYPT’s competence and potential have been acknowledged time after time by market watchers and venture capitalists. In 2021, AUTOCRYPT was listed by Forbes Asia on its “100 to Watch” list.

For more information regarding AUTOCRYPT’s mobility cybersecurity solutions and offerings, contact global@autocrypt.io.

1 MarketsandMarkets. “V2X Cybersecurity Market – Global Forecast to 2025”.

17 October, 2022 . 3 mins read

Inclusive Mobility Services Solution AutoCrypt EQ Wins “Ride Hailing Innovation of the Year” at 2022 AutoTech Breakthrough Awards

SEOUL, KOREA, Oct. 17, 2022 — AUTOCRYPT, a world-leading provider of cutting-edge automotive cybersecurity and mobility solutions, draws industry recognition for its inclusive mobility services solution – AutoCrypt EQ – as it was announced as “Ride Hailing Innovation of the Year” at the 2022 AutoTech Breakthrough Awards, held by AutoTech Breakthrough, a leading independent market intelligence organization specializing in the automotive tech industry. In both 2020 and 2021, AUTOCRYPT was AutoTech Breakthrough’s choice for “Automotive Cybersecurity Company of the Year”.

AutoCrypt EQ is a comprehensive mobility service offerings suite dedicated to building inclusive and barrier-free service platforms for partners and clients. By offering a complete package that covers service planning, fleet management integration, UI design and branding, along with application development, AutoCrypt EQ brings a fully managed service to mobility operators who wish to serve those with mobility challenges and accessibility needs.

AUTOCRYPT has thus far developed many popular accessible mobility platforms in Korea—including a barrier-free DRT service, an accessibility mapping app, and a voucher taxi for new parents—through partnerships with local governments, businesses, and hospitals. The latest recognition signifies the success of these projects and progress for global expansion.

Daniel ES Kim, CEO of AUTOCRYPT, commented, “We are overjoyed to be recognized by AutoTech Breakthrough for our tremendous efforts in developing inclusive mobility services. We have always envisioned universal mobility and will continue to invest our resources into making that a reality.” On future plans for AutoCrypt EQ, he added, “We are currently discussing opportunities with NGOs and healthcare providers in North America and Europe to expand AutoCrypt EQ’s global coverage.”

“It isn’t easy to serve such a niche demographic, as it requires a lot of extra planning and development, without being able to charge a premium,” said Bryan Vaughn, Managing Director of AutoTech Breakthrough Awards. “AUTOCRYPT has made it both achievable and financially sustainable through its secure fleet management technology. Its needs-focused service and accessibility features truly set them apart and make them our pick for the ‘Ride Hailing Innovation of The Year’ award.”

In June, AutoCrypt EQ was also selected as one of the only two finalists for “Mobility Service Provider of the Year” at the 2022 Informa Tech Automotive Awards, one of the industry’s most prestigious awards. In addition to building mobility service platforms, AUTOCRYPT also prioritizes making roads more inclusive through offering pedestrian safety solutions that enable vulnerable road users (VRU) to join in the V2X ecosystem using their mobile devices, enabling a truly safe autonomous mobility experience through vehicle-infrastructure and vehicle-device cooperation.

For more information regarding AUTOCRYPT’s mobility offerings, contact global@autocrypt.io.

7 October, 2022 . 2 mins read

AutoCrypt IVS Named “Automotive Cybersecurity Solution of the Year” in 2022 CyberSecurity Breakthrough Awards

SEOUL, KOREA, October 7, 2022 — Automotive cybersecurity and mobility solutions provider AUTOCRYPT announced today that its in-vehicle systems security solution – AutoCrypt IVS – has been named winner of the “Automotive Cybersecurity Solution of the Year” award in the sixth annual CyberSecurity Breakthrough Awards program, conducted by CyberSecurity Breakthrough, a leading independent market intelligence organization that recognizes top companies, technologies, and products in the global information security market.

AutoCrypt IVS is an end-to-end solution that protects the embedded systems of automobiles from cybersecurity threats, starting from Threat Assessment and Remediation Analysis (TARA) and vulnerability testing at the development stage, all the way to intrusion detection and prevention throughout the consumption stage. Not only does AUTOCRYPT secure vehicles at all stages of the lifecycle, but also provides real-time monitoring features to ensure that OEMs comply with UNECE WP.29 regulations (UN R155/R156).

“We are incredibly grateful for this recognition from CyberSecurity Breakthrough. As we have always emphasized, modern vehicles are largely defined by software, which makes it crucial to ensure that a vehicle is both free of vulnerabilities prior to production and well protected from cyberattacks during consumption,” said Daniel ES Kim, CEO of AUTOCRYPT. “We understand the difficulties OEMs are facing with growingly sophisticated in-vehicle systems and tightened cybersecurity regulations. Over the past decade, AUTOCRYPT has sought to fill this gap by helping OEMs assess, deploy, and manage the cybersecurity of their in-vehicle systems.”

“In the automotive cybersecurity market, the fewer parties that are involved throughout the vehicle lifecycle, the easier it becomes for the OEM to streamline the cybersecurity process and minimize errors,” said James Johnson, Managing Director of CyberSecurity Breakthrough. “AutoCrypt IVS is the only in-vehicle systems security solution that covers TARA, security testing, and threat mitigation. This meaningful breakthrough is why we chose AutoCrypt IVS for ‘Automotive Cybersecurity Solution of the Year.’”

Besides AutoCrypt IVS, AUTOCRYPT offers a wide range of solutions from V2X security, secure fleet management, Plug&Charge (PnC) security for EVs, and mobility service planning and development.

For more information regarding AUTOCRYPT’s vehicular security and mobility offerings, contact global@autocrypt.io.