A woman walks across the road from a darkened area on to a street only to be fatally struck by a self-driving car.
This is not a scenario from a distant dystopia, but a crash in March involving an autonomous vehicle being tested by Uber in Arizona, United States. The incident was a tragic reminder of the uncertainties surrounding the new technology that raises an array of safety, security and regulatory questions. Such mounting concerns also include the possibility of hackers exploiting vehicles through their internet connections and meddling with computers that control braking, steering and autonomous driving.
"Cybersecurity is paramount in shaping the future of autonomous vehicles," Amer Sharaf, director of compliance support and alliances at the Dubai Electronic Security Center told The National. "Any oversight may result in compromising the safety of passengers. The futuristic vision of driverless cars can be realised only with high level of cyber security."
Dubai, which set an ambitious goal to shift 25 per cent of passenger trips to driverless vehicles by 2030, will issue new cyber security regulations by year-end to protect its upcoming smart mobility sector,
Mr Sharaf said.
Cybersecurity is the biggest concern for companies evaluating risk in the nascent self-driving vehicle industry, according to a survey by the world’s second-biggest reinsurer Munich Re. Car makers are developing self-driving technology to reduce deaths on the highway but it could be a bumpy road to get there: they have to find ways to prevent vehicles from being accessed remotely by hackers. This becomes more difficult as the cars will have higher levels of connectivity than those currently on the road. Given the Middle East’s focus on smart cities and its vulnerability as one of the most prone regions to cyber threats, it needs to take a closer look on how to address these risks.
Dubai, which is currently working on what it dubs the Cyber Security Standard with the Roads and Transport Authority and other government entities, is studying steps to mitigate cyber risks in autonomous mobility. The first stage was an "extensive" survey of threats to the security of the vehicle's communications system, software, hardware and supply chain, Mr Sharaf said.
The emirate has partnered with China's start-up EHang to bring a closed-top passenger drone to the city. Dubai has also signed on to work with Uber on testing flying cars to its skies by 2020. In September, Dubai staged the first public test of its drone taxi service, offering a sneak peak of commuting by a flying car.
“Concerns on connected vehicles security are mounting and while the Middle East is not the base for vehicle manufacturers, organisations that are involved in initiatives such as smart cities and smart transportation in the region are starting to investigate security implications and threats,” said Ruggero Contu, research director at Gartner.
Car makers have yet to design a connected vehicle that cannot be hacked, raising security concerns and dystopian scenarios of robot cars gone awry.
Cyber attackers can find ways to control vehicles remotely through connections with the external world. The number of connections will rise significantly once cars are self-driving as they need to communicate with one another and the network of connected systems, from traffic lights to road junctions that surround them.
Riders could also face threats related to identity theft from loss of personal and financial data stored in cars, misrepresentation of information and denial of service, said Saurabh Verma, associate director of the digital transformation practice at Frost and Sullivan.
“Vulnerabilities that come as part of autonomous vehicles are unique, unheard of and under-analysed,” Mr Verma said. “It is critical to address and overcome cyber security challenges before connected vehicles can be widely adopted.”
The driverless cars’ own applications, ranging from navigation systems to re-routing around traffic to software that allows autonomous driving, all pose a security risk, Mohamad Hasbini, senior researcher at Kaspersky Lab, said.
Risks to the smart transport sector may even be on par with those of key sectors such as oil and gas, telecoms or power grids, analysts say.
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Industries such as oil and gas have experienced cyberattacks in the past, notably the Shamoon virus that targeted oil major Saudi Aramco's computer systems in 2012. These companies have compiled historical data on the threat landscape for better protection.
“For autonomous vehicles there is no existing data on threats,” Mr Verma said. “The sector can prepare well for traditional IT-related threats against identity theft or denial of service but unique threats are likely to pose a major challenge.”
Cybersecurity is shaping the development of autonomous vehicles, analysts say. As hackers get more sophisticated, so do the risks.
Ultimately, automakers have to make certain that demand is adequate to reach commercial scale, vehicles are secure from cyberattack and regulation is ready for self-driving cars, according to a report by Boston Consulting Group. Automakers also have to ensure that uncertainty over liability is resolved, society’s resistance is overcome and certain critical technologies, such as high-precision maps are commercially developed, the report added.
Analysts say the autonomous vehicles industry presents a considerable business opportunity for cyber security companies.
“There’s definitely a lot of room for business,” Mr Hasbini said. “There’s a need to integrate cybersecurity from the initial stage of development to the last detail.”
Capitalising on regional opportunity, the European security, aerospace and defence major Thales is opening a Cyber Hub in Dubai to service the UAE and wider Middle East. With such companies tapping the region, the spread of autonomous vehicles is likely to transform various sectors of the economy.
“Let us assume that they are much safer then humanly piloted vehicles,” Mr Solling said. “They will impact the insurance and health industry, which probably make a significant part of their turnover from automotive accidents and associated treatments.”
Driverless cars could be a major boon to society: reducing the number of lives lost on the road every year, preventing millions of injuries, saving hundreds of hours to work or rest on the road and eliminating the stress of driving that could improve quality of life.
The positive and transformational potential of the technology is difficult to overstate. So it’s essential for governments to think about how to regulate autonomous vehicles well in advance of the technology’s widespread adoption.
Ideally this means promoting safety, cybersecurity and encouraging innovation with governments and companies collaborating closely, analysts say.
An automotive development playground or a “test bed” is needed to serve automakers, and cybersecurity companies, and academic researchers to function as a living lab for all aspects of future mobility systems, Mr Hasbini said.
“If the back end that books vehicles fails, Thursday afternoon will not be pleasant if you cannot get into a car or order food,” Mr Solling said. “We are simply highly dependent on vehicles and have been since humanity invented the wheel.”
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
COMPANY%20PROFILE
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Three tips from La Perle's performers
1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.
2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.
3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Super 30
Produced: Sajid Nadiadwala and Phantom Productions
Directed: Vikas Bahl
Cast: Hrithik Roshan, Pankaj Tripathi, Aditya Srivastav, Mrinal Thakur
Rating: 3.5 /5
The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
TOURNAMENT INFO
Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia
UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
THE SPECS
Touareg Highline
Engine: 3.0-litre, V6
Transmission: 8-speed automatic
Power: 340hp
Torque: 450Nm
Price: Dh239,312
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
FROM%20THE%20ASHES
%3Cp%3EDirector%3A%20Khalid%20Fahad%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Shaima%20Al%20Tayeb%2C%20Wafa%20Muhamad%2C%20Hamss%20Bandar%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
Jurassic%20Park
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ESteven%20Spielberg%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Sam%20Neill%2C%20Jeff%20Goldblum%20and%20Richard%20Attenborough%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded