Continental acquires cyber-security company Argus

Argus will become part of Continental's Elektrobit subsidiary

To strengthen its capabilities in automotive cyber security, Continental has acquired Israeli company Argus Cyber Security. It will become part of Elektrobit, Continental’s stand-alone software company.

Vehicles are becoming increasingly connected and software is the single biggest innovation enabler for intelligent, efficient and automated mobility. By 2020, hundreds of millions of these computers on wheels will drive on roads worldwide and communicate as part of the IoT.

On the downside of this development, connected mobility is turning into a potential target for cyber-attacks, posing risk to human lives and property. In response, vehicle manufacturers and suppliers around the world are defining and implementing strategies and countermeasures to reduce the exposure of vehicles to such risks.

“Only secure mobility is intelligent mobility,” said Helmut Matschi, member of the executive board at Continental. “With the acquisition of Argus Cyber Security we are enhancing our abilities to directly develop and offer services with some of the world’s leading automotive cyber security experts to our customers around the globe in order to truly make mobility more intelligent and secure.”

Founded in 2013 by Israeli cyber security experts, Argus is headquartered in Tel Aviv, and has a team of more than 70 people and market-ready suites based on 38 granted and pending patents.

To help vehicle manufacturers rapidly respond to the growing need for cyber security, Argus has forged significant collaborations with industry players and is delivering projects to vehicle manufacturers and suppliers worldwide. Argus also has representations in Japan, Germany and North America.

Together, the companies will offer multi-layered, end-to-end security services including intrusion detection and prevention, attack surface protection, and fleet cyber security health monitoring and management via a security operations centre to protect vehicles in the field over their entire lifespan. The companies will also provide over-the-air software updating services.

“Argus was founded with a vision to protect all vehicles on the road from cyber threats,” says Ofer Ben-Noon, co-founder and CEO of Argus Cyber Security. “To this end we have developed the most comprehensive automotive cyber security offering in the industry and enjoy global recognition of our leadership. Joining forces with Continental and Elektrobit will enable us to further accelerate the realisation of that vision. With automotive cyber security regulations in the making worldwide and with already millions of connected cars on the road, I can’t think of a better time, or a more exciting move, than now to become part of Elektrobit. Together we will shorten time to market and make it easier for vehicle manufacturers to protect their vehicles from cyber-attacks.”

Argus will continue to engage in commercial relations with automotive suppliers globally. This combination of Continental’s automotive know-how, Argus’ technology and expertise in automotive cyber security, and Elektrobit’s automotive software knowledge is said to mark a unique cooperation in the automotive industry.

“As we are experiencing a world of software-defined vehicles and face unique challenges, we are taking a proactive approach in developing new ways to collaborate and interact,” said Alexander Kocher, president and managing director, of Elektrobit. “Elektrobit and Argus have been partners in developing cyber security and over-the-air software updates since 2016. Adding Argus to our portfolio will allow us to further advance the development of our software. We are now offering to the automotive industry – car makers and suppliers alike –complete security for the development of highly automated and connected driving. This will enable them to develop safer, smarter and more efficient vehicles.”

www.argus-sec.com

www.continental-corporation.com

www.elektrobit.com

 

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