Leading electric vehicle manufacturer BYD selects Karamba Security to meet global automotive cybersecurity regulations

Karamba VCode software

DETROIT and HOD HASHARON, Israel, June 4, 2024 (GLOBE NEWSWIRE) — With the opening of the 11th annual Escar USA Automotive Cybersecurity Conference, Karamba safetyleader in end-to-end product safety, today announced that BYD, one of the world’s largest electric vehicle manufacturers with annual revenues exceeding $13.8 billion, has selected Karamba’s VCode software to automatically create a software bill of materials (SBOM) for electronic control units (ECUs) , it uses, secures its supply chain and meets the requirements of UN R155 cybersecurity regulations.

BYD joins other leading vehicle OEMs in the U.S., Europe and China who are using VCode to create SBOMs, manage supply chain security and ensure that the firmware they use does not contain critical security vulnerabilities that could put customers at risk. As with all of its customers, Karamba Security’s VCode will also enable BYD to accelerate compliance with global automotive cybersecurity regulations, which are now mandatory in many of the world’s largest markets.

In March this year, BYD became the world’s first automaker to produce its seven millionth new energy vehicle, including electric vehicles and PHEVs. Present in 64 countries and regions around the world, BYD sold 1.6 million electric vehicles in 2023, approaching Tesla’s position as the industry leader with 1.8 million annually. In fact, in the fourth quarter of last year, BYD sold more electric vehicles than Tesla.¹

Karamba is a leader in end-to-end cybersecurity for products, including vehicle electronic control units (ECUs) and other IoT and edge products. Due to the increased security and privacy risks that can result from hacking vehicles and IoT products, regulators are now requiring OEMs and suppliers to secure their devices. These types of cybersecurity regulations can delay time-to-market and have a significant impact on device manufacturers’ operations. Karamba software solutions enable OEMs and suppliers to secure their devices and meet global cybersecurity regulations without disrupting R&D or delaying time to market.

“Karamba Security is proud to help successfully connect OEMs in the U.S., Europe, China and other countries with their global markets, ensuring they meet stringent cybersecurity regulations and protect their customers,” said Ami Dotan, co-founder and CEO of Karamba Security. “Karamba, regulators and automakers are united in our commitment to securing vehicles and global supply chains from nationality-neutral hackers who are willing to compromise customer security and privacy for financial or terrorist reasons.”

Information about VCode binary analysis software

Used during software validation, VCode helps automotive OEMs and IoT device manufacturers automatically create SBOMs for their devices and automatically identify and address cybersecurity issues in the supply chain before production. Identifies, prioritizes, and mitigates software image vulnerabilities, particularly third-party modules, and serves as a product security scorecard both internally, to customers, and to auditors.

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VCode binary analysis software works seamlessly with continuous integration/continuous design (CI/CD) pipelines or runs standalone on-premises. Identifies vulnerabilities as well as CVEs, covering a wide range of security misconfigurations and coding errors, including weak passwords, risky tools, suspicious data, insecure binaries, and more.

As part of VCode SBOM, the tool provides detailed information about file systems and each image component, including third-party software. Provides necessary context information, including location, number of CVEs, highest CVE severity, dependencies, and, if available, the library version number and associated license type. An easy-to-use filtering mechanism allows you to examine your data and draw actionable conclusions.

More information can be obtained at www.karambasecurity.com and follow on Twitter @KarambaSecurity.

About Karamba’s safety
Karamba safety is a global leader in comprehensive IoT product security. IoT product manufacturers in the automotive, medical device, renewable energy and enterprise edge industries rely on Karamba products and services to seamlessly protect their connected devices from cyberattacks and maintain compliance with industry regulations. With over 120 successful partnerships with Fortune 100 and Global 500 companies, automotive and IoT product manufacturers trust Karamba’s award-winning solutions for brand compliance and competitiveness when protecting their customers from cyber threats.

More information can be obtained at www.karambasecurity.com and follow us on LinkedIn at www.linkedin.com/company/karamba-security.

Contact with the media:
PR Montner Tech
Deb Montner, [email protected]

Chloe Amante, [email protected]

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¹ “Tesla overtaken by China’s BYD as world’s largest electric vehicle maker,” Financial Times, January 2, 2024.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2b3df32e-e2ca-4828-bc44-fcd66debc280