DUBLIN--(BUSINESS WIRE)--The "Automotive Software Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global automotive software market is valued at USD 10.7 Billion in 2020 and is expected to reach USD 29.3 Billion by 2026 registering a CAGR of 5.11%, during the forecast period, 2021-2026.

Companies Mentioned

Key Market Trends

Safety and Security Software is Expected to Witness Faster Growth Rate

Due to the increasing adoption of a few ADAS technologies as a standard option even in mid-size vehicles in the coming years, the safety & security category is expected to acquire a considerable part of the market studied during the forecast period. Consumer interest and regulatory demands in safety applications that help safeguard drivers and decrease accidents are predicted to drive demand for advanced driver assistance systems (ADAS) to expand significantly over the forecast period.

The Federal Motor Vehicle Safety Standards (FMVSS) are a set of standards issued by the United States that outline the safety criteria for all motor vehicles. While the EU's standards are mostly based on UN studies and recommendations, the FMVSS was formed within the context of US regulatory organizations. Both the United States and the European Union are framing mandates to see that all vehicles are equipped with forward-collision warning systems and emergency-braking systems by 2020. FWVSS specifies three domains of testing for meeting their regulatory requirements, including crash avoidance crashworthiness and post-crash survivability.

For instance, 2021 Kia Carnival comes with the 'safe exit warning' and 'safe exit assist' systems that will use sensors located near the tail lights to detect potential approaching hazards when the car is travelling less than 3km/ h and avoid crashes. Such launches of safety and security features in vehicles are likely to drive the demand for reliable software solutions from the suppliers in the market studied, during the forecast period.

North America Captured a Major Market Share

North America is expected to dominate the market in the forecast period. Owing to factors like strong and established automotive company clusters and also being the home for the world's biggest technology companies like Google, Microsoft, etc the region has been pioneer regard to autonomous vehicles. Particularly in the United States, self-driving cars have already been tested and used in California, Texas, Arizona, Washington, Michigan, and other states of the United States. The United States covers the largest market share of more than 65% in the North American automotive software market.

The country has been significantly increasing the number of launches of autonomous car models, as well as the development of vehicle autonomous systems among the players in the automotive industry, over the past two years. Furthermore, it is expected to continue its growth rate during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Challenges

4.3 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Application

5.2 By Vehicle Type

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/oh01na

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Worldwide Automotive Software Industry to 2026 - Safety and Security Software is Expected to Witness Faster Growth Rate - ResearchAndMarkets.com -...

Heidi Planck hasnt been seen in more than two weeks, but on Tuesday, investigators were considering new information about the Mid-City mom and whether her disappearance is related to her job as a financial controller.

The 39-year-olds employer, Camden Capital in El Segundo, is under federal investigation for an alleged $43 million fraud scheme.

The Los Angeles Police Department and federal agents served a search warrant at Plancks home last week, apparently seeking evidence in the fraud investigation.

Plancks friends say in the days leading up to her disappearance, she was worried.

She was really stressed and nervous, but she didnt go into much detail, said Plancks friend Natalie John.

On the day she disappeared, Plancks home security camera showed her leaving home with her dog. She attended her 10-year-old sons football game, but abruptly left the game early.

She didnt seem agitated. She might have been a little bit antsy. She left with her dog, and she just walked up to us and said, Im gonna go,' Plancks ex-husband Jim Wayne said.

A few hours later, her dog was found wandering around an apartment in downtown L.A. But Planck was nowhere to be found.

Friends said Planck would not willingly leave her 10-year-old son behind.

She would never do this to her boy. Shes worked so hard, so hard in her custody battle for this little boy, John said.

Absolutely abnormal, unlikely, friend Danielle Nadolny said. She would never just leave.

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She would never just leave: Investigators look into if Mid-City moms disappearance related to financial investigation - KTLA Los Angeles

wansview (97% positive lifetime feedback) via Amazon is offering its 1080p Outdoor Smart Security Camera for$17.99 Prime shipped when you clip the on-page coupon. Usually selling for around $40, but currently down to $30, todays deal undercuts our last mention for the all-time low at 54% off. Wansivews outdoor camera is equipped with a 2MP lens for 1080p streaming and filming, with night vision up to 20-meters. You can check in on your home and property from your smartphone or any Alexa-enabled device with a screen, like the Echo Show or Fire TV. And with motion detection alerts, youll be the first to know if someone wanders on site. The entire apparatus is IP66 waterproof, so these cameras will keep shooting come rain, snow, or temperatures up to 104-degree Fahrenheit. Currently rated 4+ stars from over 5,000 customers. See more below.

Update 6/25 @ 4:43 PM: Wansviews new 1080p outdoor camera has fallen to $22 when you apply code Q93B7K9D at checkout, matching the all-time low price.

While youd be hard pressed to find a quality security camera for less, wansview does offer an upgraded version for $28. Youll need to clip the on-page coupon to drop the price down from $40. This new and improved smart camera includes infrared night vision up to 25-meters and a two-way talk mode. So if you need to call the kids in from the yard, or answer the door while youre away, just pick up a phone or Echo device, and youre set. And with your savings today, you can throw in some hard storage with Samsungs 64GB SD card down for $8. Wansviews new 1080p smart camera is rated 4.5/5 stars from 500 customers.

If youre looking to add some Alexa control indoors as well, weve spotted a slew of deals on TP-Links popular Kasa smart cameras. With new all-time lows and savings up to 48% off, theres bound to be something in there worth a peek. Though if youre set on home security, our smart home guide is jam-packed with other deals and ideas to help streamline your home life.

Wansview outdoor camera W4 is equiped with 2MP HD lens which provides crystal clear picture. When are you out, you could check your home anytime on your smartphone, once there are any movement in the monitored area, you could get instant alert notification and you could check what is happening immediately.

FTC: We use income earning auto affiliate links. More.

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Bring Alexa support to your home security with 54% off wansviews 1080p outdoor cam from $18 - 9to5Toys

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Many Republicans are now trying to rewrite the history of January 6 to portray the assault on the Capitol that left five dead as a benign protest. But lawmakers fears of extremist violence are reflected clearly in recent campaign filings that show a dramatic surge in spending on security. Among those dishing out the most for protective measures: House and Senate Republicans who have dared to criticize Donald Trump for imperiling our democracy with phony election fraud claims and for inciting his supporters into a bloody rebellion.

Increasingly, Republican and Democratic lawmakers in both chambersespecially those vilified by Trump and his allieshave started hiring security consultants and bodyguards, upgrading their home security systems with cameras, and, in some cases, employing firms that specialize in fortifying residences with reinforced doors, bulletproof glass, and other high-end protective features. An analysis of campaign finance records by Mother Jones found that in the three months after the Capitol attack, security spending jumped 176 percent from the same period last year. Such spending is up 233 percent from the first quarter of 2019.

Prior to the January 6 attack, three-term Rep. Liz Cheney (R-Wyo.) had never spent campaign funds on security. But in the first three months of this yearas she publicly denounced Trumps role in fueling the insurrection, a transgression for which she was deposed from her leadership postshe paid $58,000 for protective measures, hiring a security consulting firm that specializes in executive protection and retaining three former Secret Service agents who previously served on her fathers vice presidential detail.

While Cheney has continued to speak out against Trump, she said recently that many of her GOP colleagues are too fearful for their safety to risk riling up Trumps conspiracy-crazed supporters by going against the former president.

I have had a number of members say to me, we would have voted to impeach, but we were concerned about our security, she told David Axelrod on an episode of his podcast. I think that in some ways people have sort of glossed over that, but I think thats a very important point to pause and contemplate, that you have members of the United States House of Representatives for whom, you know, securitytheir personal security or their family security, their concerns about that affected the way that they felt they could vote. Thats a really significant thing to say about the current state of our politics.

Like Cheney, Sen. Pat Toomey (R-Pa.) rebuked Trump for his election fraud lies. After the insurrection, he called on Trump to resign and was one of seven Senate Republicans to vote for Trumps impeachment in February. The cost of opposing Trumps bid to overturn the election has been steep: During the first quarter of 2021, his campaign racked up a whopping security tab of nearly $70,000. His campaigns first payment came on February 8, the day before Trumps Senate impeachment trial commenced. Among other expenditures, Toomey paid $39,000 to T&M USA, a New York Citybased private security and intelligence firm. His campaign filings also list a $7,300 payment to Fortified Estate, a Texas outfit that bills itself as the leading company for bespoke, high-security hardening of residential and commercial structures and specializes in installing panic rooms, bulletproof doors, and blast windows.

The campaign operation of Sen. Mitt Romney (R-Utah), who voted to convict Trump during his first and second impeachment trials, paid more than $43,000 to Ambolt Security Group, a Utah-based firm run by former law enforcement officers that offers services including close protection, safe room consulting and design, residential escape plans, and threat assessments. Political uncertainty, rioting in US streets, attacks on governance are contributing to a climate of fear within our communities, the business sector, and most troubling our homes and families, the company notes on its website. (Security is not a subject that members of Congress seem eager to discuss. Mother Jones reached out to 10 lawmakers, including Cheney, Romney, and Toomey. None responded.)

The GOPs most lavish spenders on security are two of its biggest promoters of the Big Lie. Ted Cruzs campaign dropped more than $74,000 on a security firm in early 2021, the most of any GOP lawmaker. (In February, when Cruz jetted to Cancun in the wake of a deadly winter storm that left much of his state without power, a reporter dropped by Cruzs home and found one of the senators guards caring for the family rescue dog, Snowflake.) Cruz, who offered to argue a lawsuit seeking to overturn the results of the presidential election before the Supreme Court, first began spending heavily on security in 2020, making payments to a company that installs security cameras and safety glass. Sen. Josh Hawley (R-Mo.), whose memorable raised-fist salute to Trump supporters outside the Capitol on the morning of the attack became an iconic image of that dark day and his role in helping to inspire it, hired security consultants, to the tune of at least $44,000, following the insurrection.

On the other side of the aisle, the two biggest spenders on security are newly elected Sens. Raphael Warnock of Georgia and Mark Kelly of Arizona. Both hail from states that were (and remain) a focus of election fraud conspiracies propagated by Trump and his backers. Warnock, Georgias first Black senator, has spent more on security than any Senate candidate in history. Since last fall, his campaign has paid more than $245,000 to Executive Protection Agency, a security service, with $136,000 of that spending coming during the first quarter of 2021. (His fellow Georgia senator Jon Ossoff spent nearly $50,000 on protection between January and April.) The campaign of Arizonas Kellywhose wife, former representative Gabby Giffords, was nearly assassinated during a constituent event in 2011has doled out $130,000 for security so far this year.

Some Democratsespecially high-profile progressives and people of colorhave long voiced security concerns. Among them is one of the rights favorite targets, Rep. Alexandria Ocasio-Cortez (D-N.Y.), who has said she feared for her life during the Capitol insurrection: "I did not know if I was going to make it to the end of that day alive. AOCs campaign spent $47,000 on security, including payments to Three Bridges NY, a New York company that provides personal protection to celebrities, between January and Aprilmore than she spent during the entirety of last year. Fellow squad member Rep. Cori Bush (D-Mo.), who complained publicly about being harassed by the QAnon-promoting Rep. Marjorie Taylor Greene, paid $35,000 during this period.

In total, congressional campaigns and political parties spent an estimated $2.6 million on security in the first three months of 2021. During the comparable timeframe in 2019, at the start of the last Congress, Federal Election Commission filings show campaigns and political parties made $902,000 in security expenditures. In 2017, parties and campaigns together spent $2 million over the course of the entire yearless than the security costs racked up in the three months after January 6.

Members of Congress who can show they face a genuine threat can request protection from the House or Senate Sergeant-at-Arms offices, but the resources are limited, with only members of congressional leadership receiving full-time security details (Cheney was recently assigned protection by the Capitol Police). Most members of Congress have usually traveled and interacted with their constituents with only a minimal level of securityif any. Their relative accessibility has been one of the features of our congressional system. But the possible threats that lawmakers face were on display in viral videos that circulated this winter showing irate Trump supporters confronting members of Congress including Sens. Romney and Lindsay Graham (who was labeled a traitor for mildly rebuking Trump for stoking the insurrection). In footage of the Graham episode, a Trump supporter wearing a QAnon T-shirt declares ominously, One day they will not be able to walk down the street. It is today.

The attack on the Capitol has revived an old debate over to what extent political candidates can dip into their campaign coffers to fund security expenses. The FEC has rules preventing the use of campaign funds for personal expenses and has generally applied a strict interpretation of that. For years, it did not allow candidates to spend campaign funds on home security systems and upgrades under the theory that such expenditures would also increase the values of their homes.

But in 2011, following the shooting that severely injured Gabby Giffords, the FEC began to ease its rules when it granted her campaigns request to use contributions to install a security system at her home. Since then, campaign spending on residential security systems has risen from about $7,100 in 2013 to $143,000 last year. Campaigns have spent $82,000 on security systems in the first three months of 2021 alone.

In 2017, in the wake of the shooting at a congressional softball practice that hospitalized Rep. Steve Scalise (R-La.), thenHouse Sergeant-at-Arms Paul Irving, citing numerous requests for protection from members of Congress, asked the FEC for more clarification on acceptable security expenses. According to Irving, threats against members of Congress were escalatingin 2016, his office investigated 902 threats. In just the first six months of 2017, it had already looked into 950. Irving testified that his office didnt have the ability to fully investigate all threats against lawmakers, much less protect them from unknown dangers they might face. More recent numbers suggest the problem has worsened.

In response to Irving's request, the FEC concluded that members of Congress, whether or not they were the target of a threat, could use campaign funds to pay for the reasonable costs associated with installing (or upgrading) and monitoring a security system at Members residences. The agency issued no further guidance in the years that followed. Then came January 6.

Days after the Capitol siege, the National Republican Senatorial Committee and the National Republican Congressional Committee appealed to the FEC to formally authorize the use of campaign funds for security detailssomething lawmakers had already started paying for in the absence of any concrete guidance from the commission on the subject.

In late March, the FEC finally ruled that members of Congress may use campaign funds to pay for bona fide, legitimate, professional personal security personnel to protect themselves and their immediate families due to threats arising from their status as officeholders, when federal agents are not protecting the Members or the Members families.

But that decision sparked a debate of its own. Who did the FEC consider a legitimate security professional and what would their roles be? That is, would they protect members of Congress only from threatsor also from potentially uncomfortable encounters with citizens voicing their opinions?

As FEC Commissioner Ellen Weintraub put it during the commissions hearing in March, I want to ensure that the people who would be in a position to perhaps block members of the publics access to their elected leaders would be doing it in a way that is sensitive to the First Amendment concerns.

Lawyers for the NRSC and the NRCC argued that drawing up language to police the credentials of the guards would slow down the process of getting protection in place for members of Congress who needed it. And the FEC ultimately imposed no strict limitations on who could be paid with campaign funds to perform security. In a brief, the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committeethe NRSC's and the NRCCs Democratic counterpartscontended that in doing so the FEC was "opening the door to the improper use of campaign funds to compensate fringe militia groups under the guise of legitimate security expense." The groups noted that some Republicans have known links to far-right organizations like the Three Percenters, Proud Boys, and Oath Keepers, whose members participated in the Capitol attack. (In at least one instance, members of the Three Percenters militia group provided security at a campaign event for then-candidate Marjorie Taylor Greene, although they dont appear to have been paid.) What was stopping Republican lawmakers from employing guards associated with the very same groups involved in the assault on the Capitol?

Nick Steen, a retired Secret Service agent and former supervisor of the agencys presidential protection division, says its clear that members of Congress require more protection. He also notes that its not practical to have law enforcement guarding every member of Congress and candidate.

I dont know that it is right, cost effective, or efficient to add protection of every congressional or senatorial candidate to the growing list of federal law enforcement responsibilities, he says. But he adds that leaving security up to the campaigns raises its own set of questions. If a model for private security is developing for that gap, then a lot of work will need to be done to set parameters and scope for those private security folks. Cost is just one aspect of it, he says.

The questions of how much security is appropriate and who pays may be coming to a head. In May, the Capitol Police disclosed that already this year its case load had risen 107 percent from 2020 and said it had just 30 officers in its threat assessment division to respond to over 9,000 cases. (By comparison, the Secret Service employs 100 threat assessment staffers who handle 8,000 cases.) Meanwhile, Trump and his allies have stoked conspiracy theories, pinned to quixotic election audits in Arizona and other states, that he could be reinstated to office this summer, concocting a new version of the Big Lie for supporters to rallyand perhaps, plotaround. Rep. Peter Meijer, a first-term Republican from Michigan who voted to impeach Trump and recently decried members of his party for salivating for civil war, told Rolling Stone he foresees more political violence ahead:I dont put it beyond the realm of assassinations.

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Members of Congress Are Spending More Than Ever on Security Mother Jones - Mother Jones

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--The ioXt Alliance, the global standard for IoT security, today announced that as part of Google Nests new security commitments, Nest products released in 2019 or later will use the ioXt Alliances global security standards to test and validate their security. Google Nest is prioritizing consumer security and privacy by testing products in its suite of connected home devices against the ioXt Alliances rigorous security standards, with more devices to be added later in the year.

Focused on security, upgradability, and transparency, the eight ioXt pledge principles that the devices will be tested against include clear guidelines for quantifying the optimal level of security needed for a specific device within a product category. The first set of evaluations against the ioXt Pledge for Google Nest will be completed by NCC Group, one of the ioXt Alliance Authorized Labs, which will provide the third-party validation of device test results to ensure all products are cybersafe. Once a device meets or exceeds the requirements after testing, they will receive the ioXt SmartCert label. Google also has plans to publish the findings on its website once the testing is complete.

We are thrilled to be able to work with Google Nest to further its commitment to security by providing the means for testing and third-party validation of their connected home products to ensure the safety of all device end-users, said Brad Ree, CTO of the ioXt Alliance. By complying with our standards and providing transparency of the results to consumers, they will be able to make informed decisions about their devices to better protect their personal information, which will lead to greater consumer confidence in the security of the Nest suite of products.

To learn more about the ioXt Alliance, visit https://www.ioxtalliance.org/ and for more information about Nests privacy and security commitment, visit https://safety.google/nest/.

About the ioXt Alliance

The ioXt Alliance is the Global Standard for IoT Security. Founded by leading technology and product manufacturing firms, including Google, Amazon, T-Mobile, Comcast and more, the ioXt Alliance is the only industry-led, global IoT product security and certification program in the world. Products with the ioXt SmartCert gives consumers and retailers greater confidence in a highly connected world.

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Google Nest to Strengthen Its Commitment to Security by Testing Devices Against the ioXt Alliance's Global Security Standards - Business Wire

The Tennessee Bureau of Investigation said it vetted 730 tips in connection with the disappearance of 5-year-old Summer Wells from her home in Rogersville as of Thursday but none of them "led to a solid lead."

Authorities are asking tipsters not to report rumors or speculation, however they also said anything that people in the area of Ben Hill Road on the late afternoon or early evening of June14 and 15 may have seen or heard could possibly help the investigation.

"Every detail is important," the TBI said in a statement.

MISSING TENNESSEE GIRL SUMMER WELLS' PARENTS BOTH HAVE CRIMINAL RECORDS

Anyone with credible information is asked to contact the bureau at 1-800-TBI-FIND.

The Tennessee Bureau of Investigation said it vetted 730 tips in connection with the disappearance of 5-year-old Summer Wells from her home in Rogersville as of Thursday but none of them "led to a solid lead." (Tennessee Bureau of Investigation)

Investigators were also seeking a potential witness who was seen in a late 1990s maroon or red Toyota Tacoma with a full-sized ladder rack and white buckets in the bed.

"We want to stress that this individual is not a suspect, but is a potential witness who may have heard or seen something that may help us in our search for Summer," the TBI said in a statement.

TENNESSEE 5-YEAR-OLD SUMMER WELLS GOES MISSING FROM OWN HOME

Area residents were also being asked to check their home security and trail cameras for any evidence that may help locate the missing girl.

Summer is about 3 feet tall and weighs around 40 pounds. She was last seen wearing gray pants, a pink shirt and may have been barefoot. She has close-cropped blonde hair and blue eyes.

Summer Wells was last seen at her home in Rogersville, Tenn., on June 15. (Tennessee Bureau of Investigation)

Investigators say the circumstances surrounding her disappearance have yet to be determined but they said they were looking into "all possibilities."

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Law enforcement officers from more than 100 agencies in Tennessee and neighboring states have searched more than 3,000 acres without finding Summer following her disappearance 16 days ago. They said they were scaling back their efforts Sunday but that the search would continue.

Her parents, Don Wells and Candus Bly, told local media they believe that she was lured out of their rural home and taken.

Wells and Bly have not responded to Fox News attempts to reach them for comment.

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Summer Wells investigators receive more than 700 tips about missing Tennessee girl - Fox News

A recent market research report added to repository of Mart Research is an in-depth analysis of Global DIY Home Security Solutions Market. On the basis of historic growth analysis and current scenario of DIY Home Security Solutions market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global DIY Home Security Solutions market. This further helps user with their developmental strategy.

This report examines all the key factors influencing growth of global DIY Home Security Solutions market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global DIY Home Security Solutions market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

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Segmented by Category

Monitoring And Alarming Systems

DIY Security Cameras

Others

Segmented by End User-Segment

E-Commerce-Online

Organized Retailers

Segmented by Country

North America

United States

Canada

Mexico

Europe

Germany

France

UK

Italy

Russia

Spain

Asia Pacific

China

Japan

Korea

Southeast Asia

India

Australasia

Central & South America

Brazil

Argentina

Colombia

Middle East & Africa

Iran

Israel

Turkey

South Africa

Saudi Arabia

Key manufacturers included in this survey

SAMSUNG

SImpliSafe

Protect

Nest Labs

LifeShield

ISmart Alarm

Icontrol Networks

GetSafe

Frontpoint Security Solutions

Abode Systems

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Table of Contents

1 Product Introduction and Overview2 Global DIY Home Security Solutions Supply by Company3 Global and Regional DIY Home Security Solutions Market Status by Category4 Global and Regional DIY Home Security Solutions Market Status by End User/Segment5 Global DIY Home Security Solutions Market Status by Region6 North America DIY Home Security Solutions Market Status7 Europe DIY Home Security Solutions Market Status8 Asia Pacific DIY Home Security Solutions Market Status9 Central & South America DIY Home Security Solutions Market Status10 Middle East & Africa DIY Home Security Solutions Market Status11 Supply Chain and Manufacturing Cost Analysis12 Global DIY Home Security Solutions Market Forecast by Category and by End User/Segment13 Global DIY Home Security Solutions Market Forecast by Region/Country14 Key Participants Company Information15 Conclusion16 Methodology

Points Covered in the Report

The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.

The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.

The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

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DIY Home Security Solutions Market Analytical Overview, Growth Factors, Demand and Trends Forecast to 2027 The Courier - The Courier

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. (Photo by Spencer Platt/Getty Images)

The security community for the last few years pointed to great potential for cyber insurance to drive progress in cyber best practices: force companies to up their game by making certain standards a requirement for coverage.

But recent research shows thats not happening.

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from the British security think tank Royal United Services Institute (RUSI). This is particularly true for the scourge of ransomware, where rising payments and business incentives to pay may pose an existential threat insurance providers in Great Britain and beyond.

Although ransomware is a societal problem, the authors note that cyber insurers are facing some heat for the role they play in financially propping up the cyber-criminal industry.

These add fuel to the fire by incentivizing cybercriminals engagement in ransomware operations and enabling existing operators to invest in and expand their capabilities, write authors Jamie MacColl, Jason R.C. Nurse and James Sullivan. Growing losses from ransomware attacks haveemphasized that the current reality is not sustainable for insurers either.

When a company is hit with ransomware, theyre often faced with three choices: pay up, lean on backups or rebuild the entire IT network. Since insurers usually opt to cover the cheapest option, paying an upfront ransom almost always ends up costing less than starting from scratch or incurring weeks of downtime while systems are restored from backups.

While this model and approach seemingly make business sense to insurers, it ends up putting an absurd amount of money into the pockets of criminal groups. These groups then have more resources to further develop their malware and infrastructure, offer better compensation to entice talented hackers to join their network and buy zero-day exploits or initial access to victim companies.

In February, a report from Chainalysis, which tracks cryptocurrency payments in law enforcement investigations, estimated that these groups took home at least $350 million in ransom payments in 2020, and experts say that many incidents are not publicly reported, because the victim has decided to quietly pay before their information is advertised online and not engage with law enforcement.

Several high-profile incidents in recent months underscored the challenges faced in this area. The U.S. government was initially unable to get information around ransom payment from executives at Colonial Pipeline, and some were outraged when CEO Joseph Blount in a media interview appeared to cast paying the $4.3 million ransom (which Blount later said the company submitted an insurance claim for) as the right thing to do and a patriotic duty to keep vital American infrastructure running. A ransomware attack on insurance giant CNA in March also resulted in a $40 million payment that is believed to be the largest ransom payment to date on record, according to Bloomberg.

The RUSI report, part of a year-long project with the University of Kent studying ways to incentivize better cybersecurity through insurance, finds little hard evidence that indicate this model is forcing companies to reevaluate their own cybersecurity practices and investments. It also warns the current model of making regular large ransom payments will not financially benefit insurers over the long term.

While some of the carriers interviewed for the report touted their pre and post-incident services like forensic analysis, incident response, legal services and public relations as valuable services that help lift a victim organization to a higher, more secure plane of cybersecurity that prevents future attacks, theres only scant, scattered evidence that this is actually happening in some places.

In fact, many companies that buy cyber insurance tend to view it as a tool for resilience against cyber attacks rather than a risk mitigation tool. Research by threat intelligence firm Cybereason in June claimed that an eye-popping 80% of companies that paid the ransom wound up getting infected by ransomware again in the following months, often by the same group.

One example of a favorable impact cited by the authors: claims by U.S. insurance provider Corvus that their scanning for ports and vulnerabilities commonly exploited by ransomware groups resulted in a 65% drop in ransomware-related claims from April to September 2020.

These insurers can do more to sharpen the kind of data they collect, push industry to adopt security standards set by government organizations like the U.S. National Institute for Standards and Technology and rate different cyber security products for their value and impact on premium costs.

There is a solid body of theoretical arguments that cyber insurance could play a meaningful role in improving cyber security among businesses, as referenced in a previous RUSI Emerging Insights paper, the report argues. However, in practice, it is still yet to be seen if cyber insurance can fulfil this promise.

While the paper is geared towards the UK insurance market, the challenges and potential solutions outlined share many parallels with that of the U.S. market, where a ransomware epidemic has forced policymakers to elevate the issue and consider a number of previously extreme solutions, like banning ransom payments, heavily regulating the cryptocurrencies used to pay and directing law enforcement and intelligence agencies to increasingly target the IT infrastructure that these groups rely on to carry out their schemes.

The findings echo similar claims made in a U.S. Government Accountability Office report on cyber insurance in May, which found that the industry on the whole lacked the kind of historical data around data breaches and their effective mitigations to properly price their coverage, though some providers of cyber insurance interviewed by SC Media disputed the conclusions at the time.

If you ever go to a restaurant and felt like having a nice lobster dinner, you probably saw the menu say market priced, because who knows how many lobsters they caught that day, or that time a month or that year? The pricing is really variable in what lobsters cost on a day-to-day basis, it can fluctuate wildly, said John Pescatore, director of emerging security trends at the SANS Institute, in May. Thats sort of what the case is [today] for cyber insurance, its essentially market price.

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Scant evidence that cyber insurance boom is leading to better security SC Magazine - SC Magazine

The advice was reportedly posted to an internal workplace board by Facebook's security team

Facebook is reportedly telling employees not to sport the company logo in public, after the social media site last week suspended President Donald Trump's account and began taking tougher action against the phrase "stop the steal," which has been used by Trump and his supporters to push false claims of voter fraud.

"In light of recent events, and to err on the side of caution, global security is encouraging everyone to avoid wearing or carrying Facebook-branded items at this time," Facebook told employees in an internal memo reviewed by The Information. The memo was reportedly posted to an internal workplace board by Facebook's security team.

After a deadly riot on Capitol Hill on Jan. 6, Facebook locked Trump's accounts over concerns the president's remarks could incite more violence before or afterJoe Biden's inauguration as the next US president on Jan. 20. Twitter, Snapchat and other platforms have also taken action against Trump's social media accounts. The FBI and Capitol Police have reportedly warned thatarmed protestsare being planned across the US and in the US Capitol in the lead up to the inauguration.

Facebook didn't immediately respond to a request for comment.

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Facebook reportedly tells employees to avoid wearing company logo in public - CNET

Designed toreplace an existing exterior door,themyQPet Portal comes integrated in a select offering of Kolbe doors with material and color options to fitpet parents'home aesthetics and is professionally installed.Seamlessly integrated within the door, a hidden smart panel features a patent-pending smart, elevator styleopening mechanism that works with a custom collar sensor.Unlike conventional retrofit pet doors, the myQ Pet Portal is virtually unnoticeable from the outside, ensuring that visitors, passersby and pesky squirrels won't realize it's there. It is the only no-compromise solution for homeowners who want to keep the security and exterior appearance of their home intact while providing their pup with the freedom to potty and play on demand.

Already making waves at CES, the myQ Pet Portal won the distinguished CES 2021 Best of Innovation Award within the Smart Home category. "A bright spot for many people in a challenging 2020 has been adding a furry friend to the family. But as COVID-19 restrictions begin to lift in 2021 many dogs will experience a dramatic change in their routine," said Beril Altiner, Director of Product Marketing for Chamberlain Group (CGI), a global leader in access control solutions and developer of myQ smart technology. "The myQ Pet Portal can help alleviate some of the stress and expenses that might come along as schedules change. It's a secure and convenient way to make sure your dog can go outside when they need to, while also giving you access to your best friend anytime through your smartphone."

Designed with home security, pet safety and a wide range of dog sizes in mind,the myQ Pet Portal works for dogs as small as 10 lbs. up to 90 lbs. and includes safety sensors to ensure safe passage. Where traditionalretrofitdog doors can leave your home exposed to the elements, pesky critters, andotherunwantedguests, the Pet Portalhas beenintentionally designedwith the following features to give pet parents peace of mind:

"What sets the myQ Pet Portal apart from other dog doors on the market is the fact that it offers convenience, safety, and security all in one solution," said Brittany McArdell, a professional dog trainer and owner of North Paws Canine Services. CGI enlisted Brittany's services to ensure the Pet Portal was a safe and viable solution for pet parents and their dogs. "It definitely provides a smarter way to parent and makes time apart easier for both dogs and their owners," Brittany added.

Retailing for less than half of what many pet owners spend annually on a dogwalker, the professionally installed myQ Pet Portal is now available for pre-order on myQpetportal.com starting at $2,999. For more information on the myQ Pet Portal go to myQ.com/CES/pet-portal.

About Chamberlain Group (CGI)CGI is a global leader in access control solutions with its LiftMaster and Chamberlain garage door opener brands and myQ smart technology. Providing the power of access and knowledge, CGI's broad line of state-of-the-art residential and commercial access solutions are designed to fit any lifestyle or application, providing the latest technology and innovations in safety, security and convenience. For more information visit chamberlaingroup.com. Follow us on Facebook at ChamberlainGroupCGI, LinkedIn at Chamberlain_Grp(CGI) and Twitter at Chamberlain_Grp.

About myQ Smart Access:myQ technology enables products to seamlessly work together to provide reliable, secure access management solutions that solve for everyday access needs across common entry points to homes, communities, businesses and beyond. It's a powerful platform that empowers people, businesses and partners with the knowledge to do more and the control to make it happen, anytime from anywhere.

About Kolbe Doors:Kolbe Windows & Doors is one of the nation's leading manufacturers of one-of-a-kind windows and doors. After more than 75 years, Kolbe products are best known for superior quality, custom craftsmanship, and attention to detail. Kolbe's door expertise and culture of innovation make them the perfect partner for the myQ Pet Portal. Kolbe recognized the industry's need for pet door solutions and partnering with Chamberlain Group (CGI) was an exciting way to bring this new product offering to pet lovers.

For media inquiries, contact: CGIKelly Shumaker 630-267-1652 [emailprotected]

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myQ Smart Access Technology Gives 'The Dog House' a New Meaning with its Award-Winning Pet Portal - PRNewswire