Consumers as well as retailers and manufacturers are expecting new digital experiences in how they use and connect with vehicles to benefit from the sharing economy and other digital value propositions; using services while being driven by an autonomous vehicle, optimizing routing and timetables, managing proactive maintenance, use entertainment and upselling services - some of the recent disruptions which are reshaping the automotive retail business model.
Digital transformation within the automotive industry is no longer a choice - customers have forever changing needs and therefore, an evolving business-to-consumer model becomes a necessity - by analysis and interacting through data, manufacturers are able to find new ways to engage with customers as well as suppliers - generating greater collaboration and innovation.
In an industry with increasing transparency and shrinking margins, automotive manufacturers and retail organisations need to extend the classical transaction model of automotive retail by a retainer business and service model, which mainly manifests digitally.
In a highly competitive and data-driven industry, connected systems need to be secure to protect sensitive information - the rapid increase in connected components has created the need for effective protection mechanisms based on secure key management supported by PKI.
Applications for Trusted Digital End-to-End Processes
Qualified Electronic Signatures & Seals
Digital identities are critical for security of a constant purely digital business relationship which is based on a continuous transmission of data where there are privacy concerns as to how it should be managed. Digital signatures leverage PKI certificates to offer the highest levels of security and universal acceptance in compliance with regulations such as eIDAS.
Multi Factor Authentication
Multi-factor authentication securely restricts access to the service infrastructure and reliably identifies the user. Hardware security modules (HSMs) generate, manage and store the secure cryptographic keys required for authenticating a user or device in a broader network.
PKI
PKI ensures confidentiality, integrity, authenticity and non-repudiation of sensitive financial, personal or automotive usage information. Encrypting data at rest and in transit guards it against theft or tampering, and guarantees that digital identity provides secure authentication of users and applications to protect against fraud.
Code Signing
HSM-based code signing is the most secure way to physically and digitally secure code. If the code is tampered with after signing, then the signature will be invalid and no longer trusted. Signing keys are protected and can only be accessed by authorized users or systems.
5G Technology
With 5G networks being built on software based models, ensuring security from the infrastructure layer to the application layer is an essential factor for consideration. HSM-protected 5G creates secure channels between devices and the bank.
Tokenization of Payment Data
With widespread adoption of tokenization for multiple purposes, it’s no longer “good enough” to encrypt clear data and offer a surrogate. Utimaco provides tokens produced from FIPS 140-2 Level 3 certified RNGs with AES-256 encrypted keys.
Post Quantum Crypto Agility (Future Proofs and PQC)
At this time, no quantum computer can run quantum algorithms, however once they are able to, these computers will decimate the security infrastructure of the digital economy. Post-quantum crypto-agility is a necessity for the financial services infrastructure to be able to evolve in the advent of a new generation of attacks and consequently evolving cryptographic standards and algorithms.
Blockchain
The integration of HSMs into a blockchain solution secures the privacy and security that may be lost by distributing proprietary software to an untrusted network of blockchain operators. By storing private keys and data within the HSM, data integrity and user authentication can be dramatically improved. Proprietary code can even be stored and run fully within an HSM to protect intellectual property.
