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Filings buzz within the automotive trade: 57% enhance in cybersecurity mentions since Q2 of 2020
Mentions of cybersecurity throughout the filings of firms within the automotive trade rose 33% between the primary and second quarters of 2021.
In whole, the frequency of sentences associated to cybersecurity between July 2020 and June 2021 was 109% increased than in 2016 when GlobalData, from whom our information for this text is taken, first started to trace the important thing points referred to in firm filings.
When firms within the automotive trade publish annual and quarterly experiences, ESG experiences and different filings, GlobalData analyses the textual content and identifies particular person sentences that relate to disruptive forces going through firms within the coming years. Cybersecurity is one in every of these matters – firms that excel and put money into these areas are considered higher ready for the long run enterprise panorama and higher outfitted to outlive unexpected challenges.
To evaluate whether or not cybersecurity is that includes extra within the summaries and techniques of firms within the automotive trade, two measures had been calculated. Firstly, we regarded on the proportion of firms which have talked about cybersecurity at the least as soon as in filings through the previous twelve months – this was 88% in comparison with 66% in 2016. Secondly, we calculated the proportion of whole analysed sentences that referred to cybersecurity.
Of the 50 largest employers within the automotive trade, Yamaha Motor Co Ltd was the corporate which referred to cybersecurity essentially the most between July 2020 and June 2021. GlobalData recognized 93 cybersecurity-related sentences within the Japan-based firm’s filings – 1.1% of all sentences. Magna Worldwide Inc talked about cybersecurity the second most – the difficulty was referred to in 1% of sentences within the firm’s filings. Different prime employers with excessive cybersecurity mentions included Aisin Seiki Co Ltd, Lear Corp and Daimler AG.
Throughout all firms within the automotive trade the submitting revealed within the second quarter of 2021 which exhibited the best concentrate on cybersecurity got here from Yamaha Motor Co Ltd. Of the doc’s 1,459 sentences, 20 (1.4%) referred to cybersecurity.
This evaluation offers an approximate indication of which firms are specializing in cybersecurity and the way essential the difficulty is taken into account throughout the automotive trade, however it additionally has limitations and ought to be interpreted fastidiously. For instance, an organization mentioning cybersecurity extra repeatedly is just not essentially proof that they’re utilising new methods or prioritising the difficulty, nor does it point out whether or not the corporate’s ventures into cybersecurity have been successes or failures.
GlobalData additionally categorises cybersecurity mentions by a collection of subthemes. Of those subthemes, essentially the most generally referred to matter within the second quarter of 2021 was ‘information safety’, which made up 86% of all cybersecurity subtheme mentions by firms within the automotive trade.